Shinhan Investment Corp. Forms Mezzanine Blind Fund

Shinhan Investment Corp. announced on the 29th that it has established a blind fund for mezzanine investments in listed companies.

Shinhan Bank and Shinhan Capital within Shinhan Financial Group are participating as limited partners (LPs) to invest in mezzanine securities such as convertible bonds (CB), bonds with warrants (BW), and exchangeable bonds (EB), which have characteristics between stocks and bonds of listed companies. Earlier this year, Shinhan Financial Group emphasized building a top-tier foundation in the domestic market through the advancement of its investment banking (IB) business model and strengthening asset management capabilities in the global capital market.

Shinhan Investment Corp. explained that this blind fund is also part of the group’s joint fund formation strategy, consisting only of Shinhan Bank and Shinhan Capital as LP investors without external investors, and that it invested 20 billion KRW out of the total 43 billion KRW capital to strengthen the capabilities of the general partner (GP). Park Sang-hyeop, directing manager of the New Technology Finance Department, stated, "Through this blind fund, we will review broad investment opportunities and serve as a catalyst for revitalizing the capital market."

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