KDB Selects 7 Fund Managers for 1.6 Trillion Won National Growth Fund

Korea Development Bank and Korea Growth Finance Investment Management announced on the 13th the selection of seven fund managers (GPs) for the second round of the National Growth Fund policy funds in the indirect investment sector. The 1.6 trillion won initiative received applications from 65 firms, with seven selected at a competition ratio of 9.3:1. The National Growth Fund policy funds aim to secure global competitiveness in advanced strategic industries and foster a venture and innovation ecosystem.

KDB Announces Seven Fund Managers for National Growth Fund

The selection results identified three firms in the mid-tier category: Dominus Equity Partners, Woori Venture Partners, and Korea Investment Partners. For the scale-up sector and the AI, semiconductor, and small-cap sectors, Stick Investment and SL Investment were selected respectively. In the regional-exclusive category, SBI Investment and a co-GP arrangement between KB Securities and Ecopro Partners secured positions.

Fund Scale Reaches 1.6 Trillion Won with 9.3:1 Competition Ratio

The second-round initiative totals 1.6 trillion won in scale. Sixty-five firms applied for fund manager positions, resulting in a 9.3:1 competition ratio with seven firms ultimately selected. The regional-exclusive category is designed to concentrate investment in regional advanced strategic industry ecosystems, with expectations to contribute to reducing the GDP gap between the metropolitan area and other regions.

Selected Firms to Complete Fund Formation by Year-End

The selected fund managers plan to complete fund formation within the year. The stated objectives include executing investments swiftly to strengthen the competitiveness of domestic advanced strategic industries, revitalize the KOSDAQ market, and drive growth among regional innovation companies.

FAQ

What did Korea Development Bank announce on the 13th regarding the National Growth Fund?
Korea Development Bank and Korea Growth Finance Investment Management announced the selection of seven fund managers for the second round of the National Growth Fund policy funds in the indirect investment sector, with a total scale of 1.6 trillion won.

Which firms were selected in the mid-tier category for the National Growth Fund?
Dominus Equity Partners, Woori Venture Partners, and Korea Investment Partners were selected in the mid-tier category.