The Korea Military Mutual Aid Association selected 20 management companies in this year's commitment program, for which 480 billion won was allocated.
The Korea Military Mutual Aid Association said on the 6th it selected 20 managers for blind funds in domestic private equity (PE) and venture capital (VC). Starting with proposal submissions in Aug., it selected 20 managers after presentations (PT), an evaluation committee, and due diligence on managers through the end of last month.
First, in the PE field, it selected 10 managers: Daol Private Equity, The Hahm Partners, Rilsen Private Equity, BNW Investment, H&Q Equity Partners, Woori PE Asset Management·NH Investment & Securities, Keystone Partners, KCGI, KY Private Equity, and Highland Equity Partners·Korea Development Bank.
In the VC field, 10 managers made the list: DSC Investment, IMM Investment, Woori Venture Partners, We Ventures, Yuanta Investment, Intervest, Knet Investment Partners, K2 Investment Partners, Kolon Investment, and Premier Partners.
The Korea Military Mutual Aid Association allocated a total of 480 billion won to this commitment program. It allocated 340 billion won to the PE field and 140 billion won to the venture capital (VC) field. Based on the PE field, each manager is expected to receive 30 billion–40 billion won. A blind fund of at least 100 billion won must be formed.