The Military Mutual Aid Association Selects 18 Domestic Blind Fund Managers This Year... Total Investment of 250 Billion KRW

[Asia Economy Reporter Ji-hwan Park] The Military Mutual Aid Association announced on the 14th that it has decided to invest a total of 250 billion KRW by selecting 18 domestic blind fund management companies in 2021 to enhance profits and secure new investment opportunities. The entrusted management scale includes 150 billion KRW in the private equity (PE) sector and 100 billion KRW in the venture capital (VC) sector.

The Military Mutual Aid Association began accepting proposals from domestic PE and VC blind fund management companies starting in October. Until early this month, final management companies were selected through presentations (PT), evaluation committees, and due diligence on the management companies. The scale ranges from 20 billion KRW to 10 billion KRW depending on each management company and fund type.

In this round, 18 companies were finally selected as blind fund management companies for the Military Mutual Aid Association. In the PE sector general league, six management companies were selected: NH Investment & Securities-Woori PE, WelltoSee Investment, E&F PE, Q Capital Partners, Paratus Investment, and Premier Partners. In the PE sector rookie league, two companies were selected: Inius PE and Synaptic Investment. In the VC sector, eight companies were selected for the general league: Stick Ventures, IMM Investment, SV Investment, UTC Investment, Intervest, K2 Investment, Partners Investment, and Korea Investment Partners, and two companies were selected for the rookie league: Aventures and Kingo Investment Partners.

The Military Mutual Aid Association introduced the rookie league last year to diversify its portfolio by discovering promising small and medium-sized management companies. The rookie league is a system to discover newcomers who have individual investment track records but whose management companies have a short history and have been relatively overlooked.

Lee Sang-hee, Director (CIO) of the Financial Investment Division, stated, "For the general league, we set as a basic support condition funds that have secured investment commitments from domestic institutional investors to ensure stability and expertise," adding, "We expect to seize investment opportunities in a timely manner and generate stable profits."

Meanwhile, the Military Mutual Aid Association had previously committed a total of 280 billion KRW in investments to blind fund entrusted management companies in two rounds last year.

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