Eximbank of Korea to commit $143 mn to 4 Korean PEs
The combined size of the funds to be established by the private equity firms will reach 1 trillion won
Jong-Kwan Park
1
2024-11-25 17:22:40
pjk@hankyung.com
Private equity
IMM Investment, Korea Investment Private Equity (PE), Corstone Asia, and Paratus Investment have been selected for the Export-Import Bank of Korea's (Eximbank) supply chain stabilization fund investment.
Korea Eximbank will contribute 200 billion won ($143 million) to these funds, with the combined minimum target fund size reaching 1 trillion won ($713 million).
According to sources in the investment banking industry on Monday, Korea Eximbank selected two managers for the large-scale fund segment and two for the mid-sized fund segment in its supply chain stabilization initiative for the second half of this year.
Each large-scale fund manager will receive 70 billion won ($49.9 million), while each mid-sized fund manager will receive 30 billion won ($21.4 million).
Write to Jong-Kwan Park at pjk@hankyung.com