Korea Military Mutual Aid Association Selects 18 Managers for 300 Billion Won in Blind Funds
8 PE firms and 10 VC firms selected
The Korea Military Mutual Aid Association has selected 18 private equity (PE) and venture capital (VC) fund managers to manage investments totaling 300 billion won.
On October 15, the association announced that it had finalized the selection of 18 domestic blind-fund managers for a total of 300 billion won: eight in the PE sector and 10 in the VC sector.
The PE fund managers are VIG Partners, Ark & Partners, affirma capital, Woori PE Asset Management, INEOS Private Equity, J& Private Equity, KL& Partners, and Keystone Private Equity.
The 10 selected VC fund managers are Mirae Asset Venture Investment, IMM Investment, AJU IB Investment, Almus Investment, SBVA, LB Investment, Wonik Investment Partners, KB Securities-Ecopro Partners, Partners Investment, and Premier Partners.
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The association received proposals at the end of July and, through early October, conducted presentation (PT) evaluations, reviews by an evaluation committee, and due diligence on the fund managers.
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