South Korea’s major public institutions and sovereign wealth fund are expected to join a blind fund of U.S. private equity firm Hellman & Friedman LLC (H&F) focused on corporate investments in new growth with a combined $500 million commitment.

According to sources from investment banking industry on Sunday, National Pension Service (NPS), South Korea’s largest and the world’s third-largest pension fund, and sovereign wealth fund Korea Investment Corp. are studying to each invest $200 million in H&F’s tenth flagship fund capped at $22 billion.

The Korean Teachers’ Credit Union (KTCU) with second largest assets will likely follow suit with $100 million.

Read more/Source: Pulse