Military Mutual Aid Association Selects Blind Fund Manager... "150 Billion KRW Investment"

[Asia Economy Reporter Minji Lee] The Military Mutual Aid Association announced on the 3rd that it has selected 12 domestic blind fund management companies for the second round to maximize profitability and secure excellent investment opportunities, approving a total investment of 150 billion KRW. The entrusted management scale is 60 billion KRW for the PE sector and 90 billion KRW for the VC sector.

To select domestic PE and VC blind fund management companies, the Military Mutual Aid Association received proposals from the end of August and finalized the managers through presentations (PT), evaluation committees, and due diligence on management companies by the end of October. The scale ranges from 20 billion KRW to 10 billion KRW depending on each management company and fund type.

In the PE sector, three companies were selected: △IMM Investment, △JKL Partners, and △J&Private Equity (Rookie). In the VC sector, nine companies were selected: △DSC Investment, △Medici Investment, △Stonebridge Ventures, △LB Investment, △KTB Network, △TS Investment, △Korea Investment Partners, △Murex Partners (Rookie), and △BeHigh Investment (Rookie).

A total of three companies were selected for the Rookie League. The Rookie League is a system to discover promising newcomers who have individual investment track records but whose management companies have a short operating history and have been relatively overlooked. The Military Mutual Aid Association introduced the Rookie League for the first time with the purpose of diversifying the portfolio by discovering small but strong management companies.

Kim Jae-dong, Vice President of the Financial Investment Division, stated, “We carefully selected capable management companies by quantifying evaluation indicators such as the management companies’ performance and safety, as well as fund-specific management strategies and processes. We will do our best to manage members’ assets stably.”

Meanwhile, the Military Mutual Aid Association committed to investing 130 billion KRW in eight blind fund management companies in the first round last February.

This content was produced with the assistance of AI translation services.