Seoul | November 27, 2018 – eFront, the leading provider of alternative investment management software, announced today that National Pension Service (NPS), one of the world’s largest public pension funds based in Jeon-Ju, implemented eFront Invest to manage its complex set of alternative investment strategies.
With an estimated 550 billion US dollars in assets under management, NPS is the third largest public pension fund in the world. After a formal competitive RFP process, they selected eFront and went live within 4 months with eFront Invest solution. NPS plans to leverage eFront Invest as a single, integrated portfolio management system to manage and analyze its direct and indirect investments across multiple illiquid asset classes including private equity, real estate, infrastructure, and private debt. In addition, eFront Invest will help NPS streamline its due diligence process through dedicated dealflow management features, essentially functioning as a central repository, workflow, and analysis tool for its investment team’s activity.
John Legrand, Managing Director APAC at eFront added, “With public pension funds diversifying their portfolio into alternative investments, the opportunity rises for eFront to step in as a leading technology provider in the market. We are delighted to welcome NPS as a strategic client to our growing APAC client base.”
National Pension Service (NPS) is a public pension fund based in Jeon-Ju, South Korea. The firm was established in 1987 to help secure the retirement benefits of Korean citizens. The fund invests in alternative investments, such as private equity, venture capital, real estate and hedge funds. NPS also makes direct investments, operates its own private equity funds and participates in one-off investments with Korean and foreign private equity firms.