NH Investment & Securities Launches Joint Fund for Investment in Chinese Unlisted Companies
NH Investment & Securities announced on the 14th that it established and began operating a Qualified Foreign Limited Partnership (QFLP) fund investing in Chinese unlisted companies in collaboration with Beijing ALAN Asset Management at the end of last September. The fund size is approximately 42.5 billion KRW (31.5 million USD).
QFLP is a system that allows foreign financial institutions meeting certain conditions to convert funds raised outside China into RMB and directly invest in private equity funds in mainland China. Beijing ALAN Asset Management is an alternative investment specialist that has successfully managed cumulative assets of 10 trillion KRW, and its largest shareholder is Lancy Group, a Chinese listed company with a market capitalization of about 13 trillion KRW, which is also the largest shareholder of Korean company Agabang.
This fund plans to invest in high-tech manufacturing sectors expected to see significant investment in China, such as robotics, smart cars, and semiconductors, as well as in energy-saving and environmental protection fields like secondary batteries and solar power. It also intends to invest in industries with strong industrial synergy between China and Korea.
NH Investment & Securities has actively conducted cross-border IB activities (M&A, equity investment, joint venture establishment advisory with Chinese partners, etc.) between Korea and China through local offices in Hong Kong, Beijing, and Shanghai. Through the establishment of this QFLP fund, it plans to provide direct support for Korean companies entering China by not only advising on partner search, investment attraction, and joint venture (JV) establishment but also directly investing in the relevant JVs.
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Yoon Byung-woon, CEO of NH Investment & Securities, stated, "Through operating the QFLP fund, we will strengthen our existing cross-border advisory capabilities by expanding our deal sourcing network for advisory services in China to include local unlisted companies." He added, "We also expect to play a role in partially raising the necessary funds to secure stable business operations for Korean companies in China."
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