This article was published on May 8, 2025, at 4:16 p.m. on the ChosunBiz MoneyMove site.
STIC Investments has significantly increased its target fundraising amount for its first blind fund. Initially aiming for a closing (completion of fundraising) of 300 billion won within the year, the final target has been raised to 500 billion won. The decision to expand the fund size was made following consecutive selections as a trusted management company in major institutions' fund investment projects, delivering results that exceeded expectations.
According to the investment banking (IB) industry on the 8th, STIC Credit plans to conduct its first closing of the blind fund with a size exceeding 300 billion won soon. The final target is set at 500 billion won, with completion expected in the third quarter of this year.
STIC Credit was launched as a department in April 2022. The head, Deputy Minister Kang Il-seong, who was previously the vice president of the large-cap sector, leads the team, with key personnel including Executive Director Park Sang-hyun. In the year following its launch, in 2023, STIC Credit invested 300 billion won in KB Kookmin Bank's subsidiary in Indonesia, and in December of last year, it also invested 120 billion won in CHA Biotech via an exchangeable bond (EB).
This fund is the first blind fund established since STIC Investments created the credit division. While there have been funds that included over 80% mezzanine structure deals, this is the first fund to bear the name of the credit division.
The main investors in the STIC Credit fund include Korea Post's postal savings (75 billion won) and the industrial accident compensation fund (40 billion won). STIC Credit has gained attention recently by seizing opportunities in fund investment projects. It has been selected as a trusted manager in contests from both Korea Post and the industrial accident compensation fund, and it has also secured commitments from the National Agricultural Cooperative Federation for investments.
Currently, STIC Credit is on the verge of its first closing and is awaiting the selection results for a trusted manager from the Science and Technology Personnel Committee. The committee plans to allocate a total of 100 billion won to two entities in the credit sector, with STIC Credit, IMM Credit Solutions (ICS), and VIG Alternative Credit (VAC) competing.