South Korea’s National Pension Service (NPS) is investing in a minority stake in Metrics Credit Partners, an Australian alternative investment firm. This decision aligns with NPS’s ongoing efforts to expand its overseas alternative investment portfolio and maximize returns.
According to the Australian Securities Exchange (ASX), NPS, in collaboration with U.S.-based real estate investment firm Townsend Group, is acquiring 4.17% of Metrics Credit Partners for $31.9 million.
Through this investment, NPS, Townsend Group, and Metrics Credit Partners will collaborate on various alternative investment opportunities, particularly in real estate, private credit, and capital markets.
Metrics Credit Partners is a leading alternative investment firm with approximately $146.92 billion in assets under management (AUM). The firm actively invests in bonds, private debt, equities, and capital markets, expanding its presence across multiple asset classes.
“Partnering with one of the world’s largest pension funds, NPS, along with the globally recognized real estate investment firm Townsend Group, will strengthen our long-term growth strategy,” said a spokesperson for Metrics Credit Partners. “We will focus on real estate strategies where Townsend brings extensive expertise.”
NPS has been actively expanding its alternative investment portfolio, announcing multiple deals this year, including stakes in global asset managers, UK single-family rental housing, and Australian student housing and rental developments.
As of the end of last year, alternative investments accounted for 17.1% of NPS’s total portfolio, generating a 17.09% annual return, ranking as its third-highest performing asset class behind foreign equities (34.32%) and overseas bonds (17.14%).
