Private School Teachers' Pension Fund Selects Five Firms, Including IMM Investment and Aju IB, to Manage 100 Billion Won VC Fund

The Private School Teachers' Pension Fund announced on July 31 that it has selected five final management firms to operate domestic VC blind funds: IMM Investment, Aju IB Investment, LB Investment, Woori Venture Partners, and Intervest.

Teachers' Pension Yeouido TP Tower

The total amount allocated to domestic VC by the Private School Teachers' Pension Fund will be up to 100 billion won, with each of the five asset management firms receiving 20 billion won.

The application process for proposals began on May 4, followed by an initial quantitative evaluation that resulted in a shortlist of ten firms. After conducting on-site due diligence with the selected firms, five asset management firms were finalized based on the qualitative evaluation carried out by the Alternative Investment Committee on July 29.

The selected management firms are allowed to autonomously propose their investment sectors and strategies. The eligible investment vehicles include venture capital investment associations and new technology business investment associations.

Song Hajung, Chairman of the Private School Teachers' Pension Fund, stated, "Through collaboration with outstanding management firms, we will support the growth of innovative companies and the revitalization of the venture ecosystem, while making every effort to enhance the fund's investment returns."

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