'KB Mezzanine Private Equity Fund No. 2' Redeemed with an Annual Return of 14.5%
[Asia Economy Reporter Kum Boryeong] KB Asset Management's 'KB Mezzanine Private Equity Fund No. 2' redeemed with an annual return of 14.5%.
KB Asset Management announced on the 23rd that KB Mezzanine Private Equity Fund No. 2 was liquidated on the 1st of this month.
Mezzanine funds primarily invest in convertible bonds (CBs), redeemable convertible preferred stocks, and other bonds convertible into stocks, which lie between bonds and stocks. They pursue both stability and capital gains when the stock price of the respective company rises.
KB Mezzanine Private Equity Fund No. 2 was established in 2014 with a committed size of approximately 270 billion KRW, with five domestic pension funds and financial institutions participating as beneficiaries. It recorded an annual return of 14.5% through investments in Hyundai Elevator, Kakao CBs, and some pre-IPO equity investments in certain companies.
Hot Picks Today
"After Vowing to Become No. 1 Globally, Sudden Policy Brake Puts Companies’ Massive Investments at Risk"
- "Mom, Isn't It Comfortable Living With Me?"... 'Unexpected Result' Shows Increased Drinking Out of Frustration
- "Available Only in Korea": Pokémon Card Prices Surge 2,532% Due to Rarity, Becoming Investment Assets
- Tenant Steals 80 Million Won from Landlord's Bedroom... "Used for Debt Repayment, Burned 70 Million?"
- Even the Wealthy Ask, "Is It Okay to Enter Now?"... Flocking In With Cash Bundles [Wealth Investment Strategies] ⑨
Kim Won-tae, Executive Director of Corporate Investment Division at KB Asset Management, explained, "During the investment period, market interest rates and stock price levels were unfavorable for mezzanine investments, making it difficult to select investment targets. However, investing in leading companies in growth industries like Kakao through various deals led to high performance."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
