# Federation of National Public Service Personnel Mutual Aid Associations

Federation of National Public Service Personnel Mutual Aid Associations is a Pension Fund based in Tokyo, Japan.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Tokyo, Japan
- **Region:** Asia
- **Address:** 1-1-10 Kudan Minami, Chiyoda Ward, Kudan Joint Government Building, Tokyo, Japan
- **Founded:** 1947
- **Assets under management:** $71 billion (Altss estimate)
- **Website:** www.kkr.or.jp
- **LinkedIn:** https://linkedin.com/company/国家公務員共済組合連合会

## Regulatory record

- **Reports private funds:** No

## About

The Federation of National Public Service Personnel Mutual Aid Associations (Kokkyoren or KKR) is a state agency in Japan. Founded in 1947, it manages pension services for national public service personnel and administers long-term disability, retiree health insurance, and other benefits. It operates medical facilities and hotels and provides housing, funeral, and wedding services for members while ranking among Japan's largest asset managers.

## Sectors

- Real Estate
- Infrastructure

## People

- Akihiro Konishi — Director-General of the Investment Management Department and Chief Investment Officer

## Questions

### Who runs investment decisions at the Federation of National Public Service Personnel Mutual Aid Associations?

Akihiro Konishi holds the role of Director-General of the Investment Management Department and Chief Investment Officer.

### Does the Federation participate in fund commitments or only direct deals?

The Federation acts as a limited partner in external mandates, including real assets and foreign bonds vehicles, rather than committing exclusively to direct deals.

### Which sectors does the Federation allocate to through external managers?

Allocations include real estate via Townsend Holdings and foreign bonds via Eaton Vance, plus overseas equities through Nomura, Nissay, Wellington, and T. Rowe Price.

### How is the Federation related to other Japanese public pension funds?

It coordinates investment strategy and model portfolios with the Government Pension Investment Fund and the Pension Fund Association for Local Government Officials.

### What recent public events has the Federation attended?

In June 2024 it spoke at the PERE Tokyo Forum and PDI Tokyo Forum on real estate and private debt topics.

### What ESG commitments has the Federation made?

It became a PRI signatory in March 2024 and adheres to Japan's Stewardship Code and the Asset Owner Principles.

### Where does the underlying capital originate?

The capital originates from pension contributions and reserves of national public service personnel under a statutory mandate.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/federation-of-national-public-service-personnel-mutual-aid-associations

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