Korea’s Employment Insurance Fund plans to allocate 120bn Korean won to blind‑pool PE/VC funds by 2026, aiming to diversify its portfolio and tap into emerging managers.

The commitment reflects a broader shift among sovereign and public pension investors toward private markets, seeking higher returns through co‑investment and flexible fund structures.

By using blind‑pool vehicles, the Fund can invest across multiple managers without naming each GP upfront, reducing due‑diligence time and spreading risk.

The move aligns with recent LP surveys showing strong intent to allocate to private equity and venture capital in 2026, positioning the Fund as a leading allocator in the region.