Public Officials Benefit Association
The Public Officials Benefit Association (POBA) is a sovereign wealth fund based in Seoul, South Korea. Established in 1975, it provides retirement benefits, welfare, and referral services for South Korean public officials and their family members. POBA manages over $16 billion in assets and has become an active investor in alternative assets. Industries it has a preference for include: Diversified/Conglomerates, Agribusiness, Biotechnology, Construction, Consumer Discretionary, Consumer Products (CPG; FMCG), Consumer Services, Energy & Utilities, Financial Services, Food & Beverage, Healthcare, Healthcare Specialist, Real Estate Operations, Industrials, Information Technology, IT Services, Logistics & Distribution, Manufacturing, Media (Text; Video; Audio), Mining, Oil & Gas, Pharmaceuticals, Power & Utilities, Retail, Software/Internet, Telecoms & Data, Telecoms & Media, Transportation Services, and Travel & Leisure. Verticals it has a preference for include: Artificial Intelligence (AI)/Machine Learning, Data Services, CleanTech, FinTech, and IoT (Internet of Things). Its preferred route(s) to market include: Primary Funds and Secondary Funds.