# Scientists and Engineers Mutual Aid Association

Scientists and Engineers Mutual Aid Association is a Pension Fund based in Seoul, South Korea.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Seoul, South Korea
- **Region:** Asia
- **Address:** Seoul, South Korea
- **Founded:** 2003
- **Assets under management:** 9093 (Altss estimate)
- **Website:** sema.or.kr
- **LinkedIn:** https://www.linkedin.com/company/korea-scientists-engineers-mutual-aid-association

## Regulatory record

- **Reports private funds:** No

## About

Scientists and Engineers Mutual Aid Association was established in 2003 as a public pension fund. Its mandate centers on financial security for scientists and engineers while supporting national technology competitiveness. The fund allocates 26.5 percent of assets to private equity with a target of 25 percent. Confirmed holdings include stakes in Blackstone Private Equity Funds and H&Q Korea Private Equity Fund. Real estate exposure covers a Blackstone-owned Las Vegas hotel acquired through Hyundai Investments and a global industrial and residential portfolio spanning the United States, Europe, and Japan. Infrastructure positions include US telecom towers and hydrogen fueling projects. Geographic reach centers on South Korea with developed-market allocations in North America, Europe, and Japan. Assets total $9.1 billion. The firm maintains relationships with service providers including Aberdeen Standard Investments, Golub Capital, and Ares Management. It participates in the SEMA Green Fund established in 2018 with the National Pension Service. No operational events from the last 24 months appear in available records. The fund operates as a statutory public pension with explicit social and public contribution criteria in manager selection. Governance ties to national ESG guidelines for public institutions distinguish its mandate from pure commercial vehicles.

## Sectors

- Private Equity
- Real Estate
- Infrastructure

## People

- Park Yang-rae — Chief Investment Officer

## Questions

### Who runs investment decisions at Scientists and Engineers Mutual Aid Association?

Park Yang-rae serves as Chief Investment Officer. Huh Sung-moo previously held the role.

### Does Scientists and Engineers Mutual Aid Association participate in fund commitments or only direct deals?

The fund commits to private equity and venture funds including Blackstone, H&Q Korea, Keystone Partners, IMM Investment, SV Investment, and Woori Venture Partners.

### What asset classes receive the largest allocations?

Private equity accounts for 26.5 percent of assets. Real estate and infrastructure form additional core holdings.

### Where does Scientists and Engineers Mutual Aid Association invest geographically?

Core activity remains in South Korea. Additional exposure includes the United States, Europe, and Japan.

### How is Scientists and Engineers Mutual Aid Association related to the National Pension Service?

The two entities co-invest in the SEMA Green Fund focused on climate and sustainable projects.

### What investment stages does Scientists and Engineers Mutual Aid Association target?

The fund pursues buyout, growth, early stage, and secondaries strategies through fund commitments and co-investments.

### Does Scientists and Engineers Mutual Aid Association maintain an ESG policy?

Social and public contribution serves as a qualitative criterion in fund manager selection. The fund follows national ESG guidelines for public institutions.

## Related profiles

- [HD Korea Shipbuilding & Offshore Engineering](https://altss.com/profile/hd-korea-shipbuilding-offshore-engineering)
- [SACE](https://altss.com/profile/sace)

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

Canonical page: https://altss.com/profile/scientists-and-engineers-mutual-aid-association

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