Teachers’ Pension Fund Invests in VC After 3 Years... 100 Billion Won for 5 Firms

Applications Accepted Until the End of This Month

Final Selection to Be Made by Late July

The Korea Teachers’ Pension Fund will make an investment in the domestic venture capital (VC) industry for the first time in three years.

On May 4, the Teachers’ Pension Fund announced that it will begin the process of selecting VC blind fund managers by May 26.

The total investment amount is 100 billion won. The fund plans to evaluate proposals of up to 20 billion won from each management company and invest in the top five firms.

After accepting proposals from management companies until May 26, the selection process will include the first quantitative evaluation, on-site due diligence of the shortlisted fund managers, and a second qualitative evaluation (presentation), with the final selections set to be made in July.

Eligibility requirements as of the announcement date include: ▲ management companies that have been selected as fund managers by domestic institutional investors and whose proposed fund size is at least 100 billion won; ▲ companies with a cumulative investment of at least 50 billion won over the past five years; ▲ at least one core manager with 10 or more years of investment experience; ▲ companies whose main office is located in Korea. The selected fund managers are free to propose their investment sectors and strategies. Eligible investment vehicles include venture investment associations under the Venture Investment Promotion Act and new technology business investment associations under the Specialized Credit Finance Business Act.

Detailed announcements can be found on the Teachers’ Pension Fund website or through the Korea Venture Capital Association.

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