Sahak Yeongeum Selects 4 VC Blind Fund GPs... 100 Billion KRW Investment

Daol·LB·Atinum·Intervest Final Selection

[Asia Economy Reporter Kwangho Lee] The Private School Teachers' Pension Service (Sahakyeongeum) announced on the 24th that it has finally selected four entrusted management companies (GPs) to operate venture capital (VC) blind funds: Daol Investment, LB Investment, Atinum Investment, and Intervest.

The total domestic VC investment scale of Sahakyeongeum is about 100 billion KRW. It plans to invest 25 billion KRW each in the four GPs.

Sahakyeongeum received proposals starting from the 4th of last month, conducted the first quantitative evaluation, and selected eight final candidates (shortlist). On-site inspections were conducted for the selected management companies, and after a qualitative evaluation by the Investment Deliberation Committee on the 22nd, the four entrusted management companies were finally confirmed.

Jumyeonghyun, Director of Sahakyeongeum, said, "By investing in excellent VC entrusted management company funds, we will not only contribute to improving the fund management yield but also help ease the recently tightened venture investment market and contribute to the expansion of investment such as job creation."

Meanwhile, last year, Sahakyeongeum selected four entrusted management companies for VC blind funds?Aju IB Investment, Korea Investment Partners, SV Investment, and TS Investment?and invested a total of 80 billion KRW.

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