Korea Development Bank Selects 5 Sub-Fund Managers Including No & Partners for Innovation Growth Fund

Korea Development Bank announced on the 31st that a total of five management companies have been selected as entrusted operators for sub-funds under this year's Innovation Growth Fund (Growth Support Fund) investment project.

In the mid-sized sector, No & Partners, Kiwoom Private Equity, and Industrial Bank of Korea were selected, while in the large-sized sector, Ajou Ivy Investment, Wonik Investment Partners, and Keystone Partners were chosen.

The selected management companies plan to complete the establishment of funds totaling 1.5 trillion KRW within the year and proceed with investments.

KDB stated, "We will actively support the creation of ultra-large small and venture companies through the establishment of the Growth Support Fund."

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