Stick Ventures to Establish 'Initial Target' Blind Fund

Accelerating Second Fund Formation This Year
Focused Investment in Early-Stage Companies Under 3 Years

[Asia Economy Reporter Kwangho Lee] Stick Ventures is forming a blind fund dedicated to early-stage investments. Following the establishment of the company earlier this year and raising its largest fund to date in the first half, it has embarked on additional fundraising. It is expected to continue more meticulous investments.

According to the investment banking (IB) industry on the 26th, Stick Ventures is raising a new blind fund worth 15 billion KRW. Currently, it is gathering funds mainly from private limited partners (LPs).

Stick Ventures plans to first close the fund at 15 billion KRW within this year by combining private capital and policy funds. Then, through multiple closings until next year, it aims to increase the fund size. To this end, it is expected to continuously focus on LP marketing.

Currently, Stick Ventures manages the following funds: ▲ IBK-Stick Pioneer Fund (22 billion KRW) ▲ Stick Innovation Fund (232.2 billion KRW) ▲ Stick Youth Employment Fund (88 billion KRW) ▲ Stick 4th Industrial Revolution Fund (108.3 billion KRW) ▲ Stick 4th Industrial Revolution Jump-up Fund (102.5 billion KRW) ▲ Stick Overseas Expansion Platform Fund (80 billion KRW) ▲ Stick Forty-two Mobility Project Fund (8.1 billion KRW).

Meanwhile, forming a fund specialized in early-stage investments is unusual. The most recently formed Stick Innovation Fund focuses on scale-up and follow-on investments. In contrast, the currently forming fund targets early-stage investments. The two new funds this year clearly distinguish their purposes as scale-up and early-stage.

Although it has conducted various investment activities from early to late stages, it appears to be adopting a ‘selection and concentration’ strategy through dedicated funds. Attention is focused on the portfolio, including the first investments after fund formation.

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