• English   Deutsch   
  •  GMT      
  • LONDON      
  • FRANKFURT      
  • NEW YORK      
  • SAO PAULO      
  • TOKYO      
  • SYDNEY      
Hedge Fund Database
Morgan Hedge Fund Database



  Hedge Fund Search
Name, ISIN, Ticker:

Hedge Funds Search Detailed Search
  Hedge Fund Directories
Listed Hedge Funds:9,956
HF Professionals:16,368
Service Provider:516
Korean pension fund buys stake in Pipeline
  Hedgeweb - TUE, OCT 12 2010
Funds & Investment Buy-out firm KKR has teamed up with the Korean national pension system to acquire a significant minority stake in a Chevron pipeline company in a deal valued at close to $1bn.

The National Pension Service of Korea is one of the largest and fastest growing pension funds in the world with about $280bn under management.

The deal with KKR is structured as an account that the private equity firm manages on behalf of the Koreans, rather than as part of a fund in which the NPS passively invests. That unusual structure is likely to become more common as big national pools of money try to reduce the fees they pay the buy-out firms and increase their influence over the deals in which the buy-out firms invest.

They acquired a 23.4 per cent stake in the Colonial Pipeline, which runs from the Gulf of Mexico to the eastern seaboard of the US.

© Morgan Hedge™ · HEDGEweb™
Morgan Hedge and HEDGEweb are Trademarks of morganhedge.com, TAA LLC and VIImedia S.A.