Assetplus Asset Management's "Private Fund No. 13" Redeemed Early in 17 Months with 70% Return

Assetplus Asset Management announced on the 27th that its differentiated return private equity fund, "Assetplus General Private Investment Trust No. 13," has successfully been liquidated after meeting early redemption conditions just 1 year and 5 months (17 months) after inception.

This fund was originally launched as a closed-end product with a two-year maturity on August 29, 2024. However, as of the 23rd of this month, just 17 months into management, it achieved a cumulative return of 70% (annualized 50%), confirming early redemption more than seven months ahead of maturity. This follows the success of the previous "Private No. 12" fund, which was also redeemed early in July 2025.

The company explained that this achievement was driven by Assetplus’s "Global-Local Two-Track Strategy," which leverages research capabilities accumulated through managing a 2 trillion won overseas equity fund (Global Rich Together) and applies them to private equity. Capitalizing on its strength in investing in leading global companies, the firm boldly included innovative companies leading global markets such as Palantir, Robinhood, and Coinbase. These stocks made significant contributions to the fund's performance, demonstrating Assetplus’s distinctive stock picking capabilities. Domestically, the firm concentrated its efforts on the "K-Competitiveness" sector, which has high overseas expansion potential. The main portfolio consisted of K-defense companies such as Hanwha Aerospace and Hyundai Rotem, K-bio companies such as Olix, and K-renewable energy companies such as GNC Energy. Notably, in a rare move for a domestic asset manager, Assetplus made bold investments in high-conviction stocks like Olix and GNC Energy, to the extent of making "over 5% equity disclosure" filings. This result demonstrates that focused investment, based on thorough analysis rather than diversification, can lead to solid performance.

Additionally, the fund employed a "long-short strategy," taking short (sell) positions in companies that were overvalued relative to their fundamentals. This approach managed market volatility risk while achieving a high absolute annual return of 50%, proving both the stability and profitability of the management strategy.

Most notably, this fund earned strong investor trust because not only did Assetplus invest its own capital, but Ja-in Kang, Director of Domestic Management and overall fund manager, also participated directly as a fund beneficiary, practicing "responsible management." Since launching "Private No. 8" in 2021, Director Kang has consistently delivered excellent results in the private equity funds under his management, earning recognition for his outstanding capabilities. Kang stated, "Our strategy of selecting undervalued K-companies through valuation and business model comparisons with global competitors and concentrating investments in high-conviction stocks proved effective. Beyond simply increasing returns, we will continue to achieve promised early redemptions through responsible management, where fund managers directly participate in investments and share results with clients."

Assetplus Asset Management plans to launch four additional new private equity funds this year, and aims to expand its private equity assets under management from the current approximately 100 billion won to 300 billion won in the future.

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