Korea Teachers' Credit Union Selects Total of 8 Domestic PEF Blind Funds

[Asia Economy Reporter Park So-yeon] The Korea Teachers' Credit Union announced on the 20th that it has finalized the selection of eight domestic private equity fund (PEF) blind fund managers for 2021 and decided to invest a total of 475 billion KRW.

Since the selection announcement in May, the Credit Union conducted proposal reviews, on-site inspections, and qualitative evaluations, ultimately selecting eight fund managers out of 24 applicants.

According to the Credit Union, five mid-sized firms and three rookie firms were selected as fund managers, with an investment scale of 400 billion KRW for the mid-sized league and 75 billion KRW for the rookie league, totaling 475 billion KRW.

As a result of this PEF manager selection, in the mid-sized fund category, E&F Private Equity, Eum Private Equity, Keystone Partners, Crescendo Equity Partners, and Premier Partners were selected, while in the rookie fund category, Seven Bridge Private Equity, WelltoSee Investment, and J& Private Equity were finally selected.

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