Placement agent First Avenue opens Korea office

Richard Kim will join the firm as a principal and head up operations in Korea. For the past five years, he has served as First Avenue’s key relationship manager and senior sales executive in the country, alongside various broker-dealers. Kim previously established and led the alternatives placement business of Heungkuk Securities, and before that Hanwha Investment & Securities and KB Securities.

“We expect to reap the benefits from having our own presence on the ground at a time when Korean institutional appetite for international alternative investments is set to grow significantly. GPs by law need to have a local Korean broker-dealer partner, and we can provide this as well as a full service to our clients in a US and UK-EU regulatory environment,” said Paul Buckley, managing partner at First Avenue, in a statement.

The firm opened launched its Australia and New Zealand business in 2014 and opened a Hong Kong office the following year. First Avenue also has bases in London, New York, and Dallas. It raises capital for managers and corporations across private credit, private equity, real assets and real estate in developed and emerging markets.

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• Topics
• North Asia
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• South Korea
• placement
• Appointments