Hanwha Investment & Securities announced on the 2nd that it has been selected as the final operator (GP) for the 'future environment scale-up' institutional sector in this year's second round of the fund-of-funds organized by Korea Venture Investment Corporation (KVIC).
The fund-of-funds is a policy fund created with government finance to foster small and venture businesses. It selects specialized operators for each field to invest in venture funds.
The 'future environment scale-up' institutional sector in which Hanwha Investment & Securities has been selected aims to foster promising corporations in environmental fields such as carbon neutrality, resource circulation, clean air, and biomaterials.
Hanwha Investment & Securities explained that it was selected as the final operator by presenting a comprehensive management strategy that encompasses investment, expansion, and exit, along with ▲government policy connectivity ▲technology scalability ▲subsequent investment attraction ▲M&A-centered exit strategies.
Hanwha Investment & Securities is currently recruiting private investors (LP) with a goal of raising approximately 50 billion won in fund formation in the second half of this year.