This article was displayed on the ChosunBiz MoneyMove (MM) site at 5:52 p.m. on Jun. 16, 2026.
Mirae Asset Global Investments institutional sector private equity (PE) has begun creating a blind fund of about 300 billion won. It is the first time in about 10 years that Mirae Asset PE is setting up a new blind fund since the No. 9 fund in 2016. As Mirae Asset PE, which had continued investing mainly through project funds, moves again to form a blind fund, it appears to be seeking to regain its presence as a PE house, which had weakened for a while.
According to the investment banking (IB) industry on the 16th, Mirae Asset Global Investments PE recently began work to recruit limited partners (LPs) for a blind fund. The target size is said to be about 300 billion won.
Mirae Asset PE formed the 520 billion won "Mirae Asset Partners No. 9" fund on Jun. 2016 and did not create a follow-up blind fund for 10 years. The No. 9 fund was formed based on a 250 billion won investment from the National Pension Service and was originally scheduled to be liquidated this month, but its maturity has been pushed back to Jun. next year.
Since then, instead of a new blind fund, Mirae Asset PE has created project funds whenever there was an individual investment case. It is understood to have formed a total of five project funds after the No. 9 fund.
The new blind fund is being formed with the goal of mainly investing in Korea's advanced strategic industries. Funds from Mirae Asset Financial Group affiliates are also expected to come in. In the industry, there is talk of a plan for group affiliates to contribute 20% to 30% of the entire fund.
Mirae Asset PE has the symbolism of being the manager that set up Korea's first PEF, but in recent years it has been assessed that its presence in the domestic management-participation PEF market is not what it once was. While large buyout managers have successively formed blind funds in the trillion-won range, Mirae Asset PE has focused on project-based investments and group-level alternative investments.
Major investment destinations for Mirae Asset PE include Cha Healthcare, Essex Solutions, a U.S. subsidiary of LS Group, Impossible Foods, a U.S. alternative meat company, and HK inno.N. It invested about 110 billion won in Cha Healthcare in 2017 and recovered 150 billion won, and invested about 290 billion won in Essex Solutions. It invested about 180 billion won in Impossible Foods to secure 5% equity, and HK inno.N was a case where, in 2018, when Kolmar Korea acquired CJ Healthcare for about 1.31 trillion won, Mirae Asset PE participated as a financial investor (FI) along with H&Q Korea and STIC Investments. Mirae Asset PE invested about 120 billion won.