Daol Invest secures funds from Military Mutual Aid Association and Private School Teachers' Pension... Assets under management reach 1.5 trillion won

‘Daol 2022 Scale-up Fund’ Increased to 300 Billion KRW
Incorporated into Woori Financial Group... Renamed ‘Woori Venture Partners’ After General Meeting

Daol Investment has secured funds from the Military Mutual Aid Association and the Private School Teachers' Pension. Based on the funds secured through major limited partners (LPs), it plans to increase the size of its existing fund. The scale of assets under management (AUM) is also expected to grow. Attention is focused on its future investment moves.

According to the investment banking (IB) industry on the 10th, Daol Investment secured 32 billion KRW from the Military Mutual Aid Association and the Private School Teachers' Pension. The contribution amounts are 25 billion KRW and 7 billion KRW, respectively. Daol Investment will use these funds to increase the size of its existing fund rather than creating a new blind fund.

The fund in question is the ‘Daol 2022 Scale-up Fund’ established last year. The initial total fund size was 261.3 billion KRW. It plans to increase this to 300 billion KRW. Along with the funds from the Military Mutual Aid Association and the Private School Teachers' Pension, Daol Investment will cover the remaining amount through the management company's contribution (GP commit).

The Scale-up Fund was established on December 12 last year. This means it is entering a multi-closing phase just over three months after its formation. If the plan proceeds as expected, Daol Investment will form a fund exceeding 300 billion KRW for the first time since its establishment. This trend of fund enlargement is expected to continue.

Daol Investment has consecutively launched large funds exceeding 100 billion KRW, starting with the 115 billion KRW KTB Overseas Expansion Platform Fund in 2013, followed by the 166 billion KRW KTBN 11th Korea-China Synergy Fund in 2016, and the 195 billion KRW KTBN 16th Venture Investment Association in 2018.

Subsequently, in 2020, it created the KTBN 18th Venture Investment Association with a total fund size of 281 billion KRW. It then established the Daol 2022 Scale-up Fund. Once the increase is completed, the Daol 2022 Scale-up Fund will establish itself as a representative large-scale fund.

As a top-tier VC, Daol Investment has consistently secured victories in major institutional investment projects. It was selected as the entrusted management company (GP) after fierce competition in the large league for the Teachers' Mutual Aid Venture Blind Fund. It also attracted external funds through the National Agricultural Cooperative Federation and the Korea Scientists & Engineers Mutual Aid Association. Recently, by securing the Military Mutual Aid Association and the Private School Teachers' Pension as allies, it continues its growth momentum.

Daol Investment is expected to achieve an AUM of 1.5 trillion KRW for the first time since its establishment this year. Upon completing the Scale-up Fund increase, AUM will rise from 1.4318 trillion KRW to 1.4735 trillion KRW. Additional fund formations supported by Woori Financial Group affiliates are also anticipated. Daol Investment, which will be incorporated into Woori Financial Group affiliates, will change its name to ‘Woori Venture Partners’ starting next month after the general shareholders' meeting.

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