Sahakyeongeum Selects 4 VC Blind Fund Management Companies

[Asia Economy Reporter Park So-yeon] The Private School Teachers' Pension Service (hereinafter referred to as PSTPS) announced on the 24th that it has finally selected four entrusted management companies to operate venture capital (VC) blind funds: Aju IB Investment, Korea Investment Partners, SV Investment, and TS Investment.

PSTPS plans to invest up to a total of 80 billion KRW in domestic VCs, allocating 20 billion KRW to each of the four entrusted management companies.

From the 6th to the 19th of last month, proposals were received, and through the first quantitative evaluation, eight companies were shortlisted. On-site inspections were then conducted for the eight selected management companies, and based on the results, the final four entrusted management companies were confirmed on the 23rd of this month after a qualitative evaluation by the Investment Deliberation Committee.

Joo Myung-hyun, Director of PSTPS, stated, "By investing in excellent VC entrusted management company funds, we expect to improve fund management returns, contribute to economic revitalization such as job creation, foster the development of eco-friendly industrial ecosystems, and fulfill social responsibilities through the expansion of ESG investments, including governance improvements."

Meanwhile, last year, PSTPS selected three entrusted management companies for VC blind funds?Atinum Investment, LB Investment, and KTB Network?and invested a total of 60 billion KRW.

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