Formation of the First Private Venture Fund... 'Hana Chogeokcha Win-Win Sub-Indirect Fund'

Fund Formation Achievements Four Months After Policy Implementation

The Ministry of SMEs and Startups announced on the 28th that the first private venture mother fund has been established. This marks the actual formation of a fund just four months after the institutionalization of private venture mother funds through the amendment of the Venture Investment Act in October last year. A private venture mother fund is a fund of funds that invests in multiple venture sub-funds targeting startup and venture companies, meaning it is a fund raised purely with private capital.

On the 29th, the ‘Hana Cho-Gyeokcha Sangsaeng Fund of Funds,’ which will complete its registration as the first private venture mother fund, was formed with a total scale of 100 billion KRW through 100% investment by Hana Financial Group after announcing its establishment at the private venture mother fund launch ceremony on November 20 last year, and it is managed by Hana Ventures.

According to Hana Financial Group’s private venture mother fund business plan, Hana Ventures will conduct an investment project targeting venture investment associations that invest approximately 60 billion KRW in startup and venture companies over three years. The remaining approximately 40 billion KRW will be directly invested in follow-up investments for companies invested in by the venture investment associations it has invested in.

This year’s investment project is scheduled to be announced at the end of next month and will proceed with a scale of 25 billion KRW, including a rookie league that supplies liquidity to small and medium-sized venture capitals facing difficulties in fund formation. Subsequently, approximately 18 billion KRW will be invested in each of 2025 and 2026.

Minister Oh Young-joo stated, “The formation of the first private venture mother fund signifies the beginning of a full-fledged era of private-led venture investment,” and added, “The Ministry of SMEs and Startups will spare no support to ensure that Hana Financial Group’s first private venture mother fund becomes a milestone for the industry.”

Hana Ventures CEO Ahn Seon-jong said, “We will serve as a catalyst that supplies private capital to the venture investment market and revitalizes the venture investment ecosystem.”

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