Junggi Junganghoe Selects 10 Yellow Umbrella PE Fund Delegated Managers... 260 Billion KRW Commitment

[Asia Economy Reporter Kim Bo-kyung] The Korea Federation of Small and Medium Business (KSMB) announced on the 5th that it has selected 10 private equity (PE) fund management companies for the domestic blind PE and venture capital (VC) fund public offering of the Yellow Umbrella fund.

The Yellow Umbrella is a social safety net for small businesses and small merchants operated by the KSMB. Since 2017, it has annually selected PE and VC fund management companies to contribute to the growth and development of small and venture businesses, committing a total of 1.2 trillion KRW in investments over four years.

The selected PE fund management companies this time are WelltoC Investment, Eum Private Equity, Intervest, Keystone Partners, KTB Private Equity, Curious Partners, Crescendo Equity Partners, Premier Partners, Notic Investment (Rookie), and WWG Asset Management (Rookie), with a total committed amount of 260 billion KRW.

Each management company will be entrusted with funds ranging from 10 billion to 40 billion KRW. These funds are expected to be established as early as this year and will invest in companies with high growth potential over the next 3 to 5 years.

To ensure safety, the KSMB set a basic support condition that the funds must have confirmed investments from domestic professional investors. The final 10 companies were selected through additional verification (quantitative/qualitative evaluation) among fund managers pre-verified by experienced investors such as the Korea Development Bank, Korea Growth Investment Corporation, and the National Pension Service.

A KSMB official stated, "To diversify the Yellow Umbrella asset portfolio and support small and venture businesses, we plan to regularly conduct PE and VC selection procedures of a certain scale every year."

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