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K-Growth seeks local PE/VC managers in Korea

The South Korean FoF manager issues a RFP for domestic PE/VC fund managers.

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Institution: Korea Growth Investment Corporation
Headquarters: Seoul, South Korea
AUM: $22.2 billion

Korea Growth Investment Corporation has issued a request for proposal for domestic private equity and venture capital fund managers.

The fund of funds manager plans to commit a total of 125 billion Korean won ($110.3 million; €90.7 million) to at most two private equity managers and a total of 75 billion Korean won ($66.2 million; €54.4 million) to at most two venture capital managers. Eligible PE managers should manage a fund of at least 125 billion Korean won in size, and 62.5 billion Korean won in size for VC managers.

The submission date for the RFP is 4 June with a decision put forth to the investment committee on 30 June.

As illustrated below, the $22.2 billion FoFs manager has focused on diversified sectors in Asia-Pacific.

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