Adams Street opens South Korea office

The new office will be headed by Chris Cho, a former vice president at Lazard Asset Management, who has joined Adams Street as a principal and will focus on developing institutional client and consultant relationships. Cho previously held positions at Shinhan BNP Paribas Asset Management and Mirae Asset Global Investments.

"This expansion allows us to remain steadfastly focused on the needs of our increasingly global client base," Kevin O'Donnell, partner and global head of investor relations at Adams Street, said in a statement. "Chris is a strong addition to our team, and we have no doubt he will make significant and immediate contributions to our investors in South Korea."

The Seoul office is Adams Street's tenth office globally. The firm, which is credited with establishing the first private equity fund-of-funds for institutional investors, has managed private market programs in Asia since 1997 and maintains bases in Beijing, Singapore and Tokyo. Assets under management currently total around $31 billion.  

A number of recent expansions into Korea have been supported by expectations that domestic institutional appetite for international alternative investment will grow in the near term. Earlier this week, Australia's IFM Investors announced it had established a footprint in the country. This followed the opening of a Seoul office by UK placement agent First Avenue to complement its existing Asia Pacific presence in Hong Kong and Sydney.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• North Asia
• People
• Fund-of-funds
• LPs
• South Korea
• Adams Street Partners
• Appointments