KIC
Former STIC executive becomes CIO at KIC
Don Lee Dong-ik, former head of investments at PE firm STIC Investments, has been named CIO of Korea Investment Corp. (KIC), the country’s sovereign wealth fund. The first Korean national to get the job, Lee told AVCJ that the appointment is a huge...
Korea Post unit looks to invest in global secondary funds
Savings Bureau of Korea Post, one of South Korea’s largest state-controlled institutional investors, is looking to invest at least $30 million in a global secondary fund. It represents one of the savings bureau’s first forays into alternative investments...
Russia sovereign wealth fund in talks with potential Chinese partner
Russia Direct Investment Fund (RDIF), the country’s new sovereign wealth fund, is in talks with a Chinese group about making joint investments, with details of a partnership potentially to be announced in October.
CIC, KIC chairmen named to high-profile RDIF advisory board
The chairman of China Investment Corp. (CIC), Lou Jiwei, has been named to the international advisory board of the Russia Direct Investment Fund (RDIF). Choi Chong Suk, chairman of Korea Investment Corp. (KIC), will also serve on the board alongside Bader...
Asia Pacific SWFs, public pension funds hold 25% of global AUM
Asia Pacific sovereign wealth funds and public sector pension funds now account for $3.2 trillion in assets under management, 25% of the global total.
Korea Teachers Pension Fund to invest $50m in local PE, VC
The Korea Teachers Pension Fund (KTPF) reportedly plans to invest KRW54 billion ($50.7 million) in 3-5 domestic venture capital and private equity firms in September.
Asian LPs and the US Debt Crisis
There has been a shift in the investor base of major private equity funds in recent years as Asia evolves from being just an investment destination to becoming a region for fundraising. Sovereign wealth funds, of course, are leading the way with the substantial...
IBK Capital Q to invest in Hankook Silicon
IBK Capital-Q Capital Partners, which is backed by The Korea Finance Corp. (KoFC), will invest KRW40 billion($38 million) in Hankook Silicon(HKS), the third-largest polysilicon manufacturer in South Korea, according to local media reports. The size of...
KIC’s new CEO pledges to boost private equity exposure
Korea Investment Corp.’s (KIC) new chief executive has pledged to boost the sovereign wealth fund’s exposure to alternative investments such as private equity and commodities.
South Korean SWF KIC to receive $5 billion of fresh capital
South Korean SWF the Korea Investment Corporation (KIC) is to receive up to $5 billion from public finances to add to its $35 billion of capital, and may look at more partnerships with other international SWFs, according to official statements.
Partners Group gets $100 million KIC real estate mandate
Korea Investment Corporation, the SWF that manages some $27 billion of assets for the Korean government and the Bank of Korea, has mandated around $100 million to Swiss-based private equity firm Partners Group to seek investment opportunities in the private...
KIC seeks diversity, targets PE
Chin Young Wook, CEO of the Korea Investment Corporation (KIC), Korea's $30 billion sovereign wealth fund, has said publicly that the SWF will seek greater investment in private equity and real estate, as well as contemplating direct investments through...
KIC allots $200 million for Chesapeake
South Korean SWF the Korea Investment Corporation (KIC) has said that it will invest $200 million as part of its participation in the $900 million stock issue by heavily indebted US natural gas and energy company Chesapeake Energy.
Asian SWFs ramp up in North American oil and gas
Dearth of Western investment post-GFC opens door to Asian players
CIC, KIC to invest in Chesapeake
Leading Asian SWFs the China Investment Corporation (CIC) and the Korea Investment Corporation (KIC) are reportedly joining a $900 million investment into heavily indebted US natural gas and energy company Chesapeake Energy.
Korea GPs showcased to US LPs
South Korea's Ministry of Knowledge Economy and Korea Trade-Investment Promotion Agency have jointly organized a roadshow in California this week that showcases Korean investment firms, including Aju IB Investment, KT Capital, and SWF Korea Investment...
KIC to invest $100 million in IFC fund
Korea Investment Corporation (KIC), South Korea’s sovereign wealth fund, will inject $100 million into a private equity fund managed by IFC Asset Management Company, a wholly-owned subsidiary of the International Finance Corporation (IFC), the private...