Saneun Selects Four Entrusted Management Companies for Recovery Market Revitalization Support Fund

"Swift Formation of 460 Billion KRW Fund Promoted"

On the 25th, the Korea Development Bank announced the final selection of four entrusted management companies for the 'Recovery Market Activation Support Fund.'

Seoul Yeongdeungpo-gu Yeouido Industrial Bank of Korea headquarters building. Provided by KDB.

The bank explained that it conducted a fair and transparent evaluation of 11 companies that applied for the entrusted management company recruitment, selecting two companies in the Mergers and Acquisitions (M&A) sector (with a total fund size of 260 billion KRW) and two companies in the secondary sector (with a total fund size of 200 billion KRW).

In the M&A sector, Helios Private Equity (200 billion KRW) and Now IBCapital (60 billion KRW) were selected. In the secondary sector, Woori Venture Partners (100 billion KRW) and TS Investment (100 billion KRW) were chosen.

The selected management companies plan to form a fund totaling 460 billion KRW, using 138 billion KRW of capital invested by the Korea Development Bank as seed money.

A bank official stated, "We will promptly establish the fund to revitalize the sluggish venture recovery market and contribute to restoring a virtuous cycle system for venture capital." He added, "(The Korea Development Bank) will actively fulfill its role as a leading investor and representative policy financial institution in the market."

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