Hana Securities said on the 27th that it will form the industry's first private venture fund of funds (private indirect venture investment association).
The fund of funds is scheduled to launch at a size of 200 billion won by next month, and it is a core strategic project to deploy capital secured through the issuance bill business into the productive finance sector.
The fund of funds will be operated in a fund-of-funds structure that commits to sub-funds managed by domestic venture capital (VC) firms. After formation, it will sequentially commit to sub-funds to expand the base of private capital and ensure funding is supplied across the entire investment ecosystem by growth stage. In line with this, Hana Securities plans to strengthen its dedicated organization for managing the fund of funds and enhance its management capabilities by expanding professional review staff.
Investment targets will focus on the 12 government-designated national strategic technologies. It will concentrate investment in fields directly tied to securing future growth engines, including semiconductors and displays, secondary batteries, next-generation nuclear power, hydrogen, aerospace and ocean, advanced bio, artificial intelligence (AI) and next-generation communications, cybersecurity, robots, future mobility, quantum technology, and advanced materials.
In addition, it will move beyond the capital area–centric investment structure and increase investment in region-based innovative companies. By linking with regional hub universities, technoparks, and Centers for Creative Economy and Innovation, it will discover promising startups outside the capital area and, by concurrently committing to sub-funds tied to regional specialized industries, contribute to balanced regional growth and job creation.
Since receiving approval for its issuance bill business, Hana Securities has pursued expansion of risk capital supply as a key management task. In the first year of the business, this year, it will raise about 2 trillion won and supply 500 billion won—25% of that amount—as risk capital.
The mandatory supply ratio of risk capital for comprehensive financial investment business entities will be expanded step by step from 10% this year to 20% in 2027 and 25% in 2028, and Hana Securities plans to supply 25% from the first year. The private venture fund of funds is a core pillar of that execution strategy, aiming to build a system that continuously supplies funds to strategic industries and innovative companies by utilizing its own capital.
Choi Young-su, head of global private equity at Hana Securities, said, "Investing the capital secured through the issuance bill business into future growth industries and innovative companies is an important role for financial firms," adding, "We will enhance the self-sustainability of the venture ecosystem through expanded private-led risk capital supply and contribute to strengthening national strategic industry competitiveness and balanced regional development."