The Military Mutual Aid Association has selected 17 private equity fund (PEF) managers and venture capital firms as general partners (GP) for private and venture fund investments this year.
On the 26th, the Military Mutual Aid Association noted that it received proposals from domestic private equity fund (PEF) managers and venture capital firms in October, conducted presentations (PT) and due diligence, and selected a total of 17 firms, including 9 in the PE sector and 8 in the VC sector, as blind fund GPs.
Specifically, Macquarie Asset Management, Synaptic Investment, LB Private Equity, Curious Partners, Q Capital Partners, Paratus Investment, Praxis Capital Partners, Premier Partners, and WWG Asset Management have been named as GPs in the PE sector.
In the VC sector, Mirae Asset Venture Investment, STIC Ventures, the IM Investment Partners-SJ Investment Partners consortium, Company K Partners, Korea Investment Partners, HB Investment, IMM Investment, and LB Investment have been finally selected as GPs.
The Military Mutual Aid Association plans to work on increasing revenue and securing new investment opportunities through this selection of blind fund managers. To this end, it has allocated a total of 390 billion won, including 270 billion won for the PE sector and 120 billion won for the VC sector. The deadline for fund formation has been set at six months.