KB Asset, Cumulative Corporate Investment Commitments Surpass 1.5 Trillion Won

[Asia Economy Reporter Hwang Junho] KB Asset Management's corporate investment division's cumulative committed amount surpassed 1.5 trillion KRW on the 6th.

On the 30th of last month, KB Asset Management was selected as the entrusted manager for the National Pension Service's co-investment (Co-Investment) fund, securing commitments of 320 billion KRW from institutions including the National Pension Service. When combined with the existing 1 trillion KRW blind fund and the 370 billion KRW project fund under management, the total reaches 1.72 trillion KRW, increasing the likelihood of exceeding 2 trillion KRW in cumulative commitments within the year.

KB Asset Management was recognized for its outstanding management performance, having made co-investments with numerous investors without a single principal loss, leading to its selection as the National Pension Service's entrusted manager. This success is attributed to CEO Lee Hyun-seung's leadership and focus on risk management.

Kim Won-tae, Head of the Corporate Investment Division (Executive Director), stated, "Since our first investment in 2007, investing in 26 projects without a single principal loss is a rare investment achievement," adding, "This result was achieved through the synergy of KB Financial Group's brand power and excellent personnel composition."

Meanwhile, KB Asset Management successfully redeemed KB Mezzanine Fund No.1 and No.2 with a high annual return of 11.9%. The currently managed KB Mezzanine Fund No.3 has also completed investments up to about 90% of its 375 billion KRW committed amount. The cumulative return rate (as of the 30th of last month, based on annualized compound return) stands at 42.11%.

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