Partners Group opens in Korea under Cho
Leading global private markets asset manager Partners Group has announced the opening of an office in Seoul, to be led by Alex Cho, Head of Korea and hitherto a Senior VP with the firm's Investment Solutions department.
"It's the next logical step in our focus on Asia Pacific," a Partners Group spokesperson told AVCJ. Partners Group confirmed to AVCJ that the new office will be supporting all aspects of the group's strategy, including direct investment into local GPs and relations with LPs, as well as activities in other asset classes besides private equity. Cho was formerly based in Singapore, and prior to joining Partners Group, worked with the Korea Venture Investment Corporation. Partners Group has already secured two direct mandates from local SWF the Korea Investment Corporation (KIC).
"Korea shows a strong economic performance, and is among the economies leading the recovery from the economic turmoil," commented Dr. Marcel Erni, Partners Group co-founder and CIO. "We want to be close to the attractive investment opportunities in this growth market."
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