Overseas Real Estate Funds Managed by KB Asset Management Surpass Cumulative Commitments of 3 Trillion Won

[Asia Economy Reporter Junho Hwang] KB Asset Management's cumulative commitments to overseas real estate funds have surpassed 3 trillion KRW. Despite difficulties in on-site inspections due to COVID-19, this is the result of investing in prime assets through various specialized talents.

KB Asset Management announced on the 23rd that as of July this year, the cumulative commitments to overseas real estate funds exceeded 3.1 trillion KRW. This includes attracting assets such as a 150 billion KRW U.S. rental housing fund, a 130 billion KRW Belgian office real estate fund, and a 60 billion KRW UK senior real estate fund, which have low sensitivity to economic cycles and can generate stable cash flows. In May, they also expanded the investor base for real estate funds from institutional investors to individual investors by launching the 'KB Private Solution General Private Real Estate Fund.'

KB Asset Management attracts quality assets through its Overseas Real Estate Management Headquarters, composed of professionals with diverse investment experience in banking, insurance, and industry sectors. The headquarters was established after the appointment of current CEO Hyun Seung Lee. In its first year, the headquarters secured commitments worth 560 billion KRW, and the scale gradually increased to 1 trillion KRW in 2019 and 2 trillion KRW last year.

Hong Seongpil, Head of the Overseas Real Estate Management Headquarters at KB Asset Management, said, "As stock market volatility has increased recently, demand for relatively stable real assets is growing," adding, "We will continue to develop retail products so that investors can widely utilize overseas real estate funds in personal pensions and retirement pensions."

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