Mirae Asset Forms New Growth Fund with CJ Logistics to Invest in Promising Domestic and International Startups

CJ Logistics and Mirae Asset Each Invest 50% to Establish New Growth Fund
Focused Investment in Various New Growth Areas Including Logistics, Distribution, Robotics, ICT Solutions, and Data Platforms

[Asia Economy Reporter Song Hwajeong] Mirae Asset Group is partnering with CJ Logistics to establish a new fund and invest in promising startups both domestically and internationally.

Mirae Asset Group announced on the 8th that it will create a new growth fund with CJ Logistics using a 1:1 matching method. This is part of a plan to invest in unlisted venture companies in new growth sectors alongside leading companies driving Digital Transformation.

The operation of the newly established growth fund will be managed by Mirae Asset Capital. The fund's duration is seven years, and it plans to focus investments on sectors such as logistics, distribution, robotics, ICT hardware, ICT solutions, and data platforms.

Through this fund, the two companies aim to build a diverse new technology development environment that can quickly respond to changes in industry trends and to lead open innovation between large corporations and venture companies.

CJ Logistics possesses the optimal environment and network to foster the ecosystem for venture companies through Korea's top business platform, while Mirae Asset is Korea's leading investment-focused financial group with extensive experience and optimized financial solutions ranging from venture to global company investments. Accordingly, the investments from this fund are expected to revitalize the business ecosystem of venture companies and contribute to restoring the dynamism of the Korean economy.

Mirae Asset has successfully established and operated pure private capital growth funds in collaboration with excellent leading companies such as NAVER, GS Retail, Celltrion, and LG Electronics. It supports the growth of various venture companies driving innovation in fields such as artificial intelligence, mobile platforms, e-commerce, fintech, mobility, autonomous driving, Software as a Service (SaaS), advanced logistics, healthcare, and biotechnology. Through these growth funds, Mirae Asset has accumulated outstanding investment results in innovative domestic and international companies and unicorns such as Grab, Zomato, Bukalapak, BigBasket, SenseTime, Crediboo, Today’s House, Mesh Korea, Musinsa, and Bungaejangter.

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