Korea Investment & Securities Signs 500 Billion Won Co-Investment Agreement with Goldman Sachs
On the 12th, Korea Investment & Securities announced that it had signed a co-investment agreement with global investment bank Goldman Sachs for a real estate loan facility worth 500 billion won.
Through this agreement, Korea Investment & Securities will identify promising investment projects in the domestic real estate market based on its accumulated experience and expertise, while Goldman Sachs plans to provide co-investment and funding across various assets by leveraging its global capital base and alternative investment track record. The company explained that, by pursuing co-investments backed by Goldman Sachs' liquidity and global capital strength, its large-scale funding capacity is expected to expand further.
In particular, this co-investment facility is characterized by its design to strengthen overall risk management and the return structure for senior secured real estate loan investments, and to enable stable investments in high-quality senior loans. It has already included in its portfolio project finance (PF) for multifamily housing projects currently underway with top-tier domestic construction companies, and additional projects such as secured loans for integrated resort developments and secured loans for unsold multifamily housing units will also be added. In addition, the parties plan to include in the portfolio a variety of future domestic real estate development and real-asset secured loans, and to expand the investment size in stages.
Kim Sunghwan, CEO of Korea Investment & Securities, said, "Through this collaboration, we will be able to provide stable liquidity via our co-investment with Goldman Sachs and, by working with a global partner, further strengthen our influence in the domestic market," adding, "It will be an important opportunity to further solidify our position in the real estate finance market."
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Choi Jaejoon, Co-Head of Korea at Goldman Sachs, said, "This collaboration will serve as an opportunity for Goldman Sachs to directly contribute, through its global capital and expertise, to Korea's real economy and industrial development, as well as to the stable supply of real estate," adding, "We will continue to do our best to provide tailored capital and solutions that Korean corporates and financial institution clients need both at home and abroad."
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