Samsung Asset Management completed the selection of venture capital general partners for the Ministry of Employment and Labor's Industrial Accident Compensation Insurance Fund alternative investment products on the 7th. The asset manager selected three general partners — IMM Investment, Partners Investment, and Premier Partners — to manage 90 billion KRW allocated to the venture capital sector. This marks the first venture capital investment allocation by Samsung Asset Management for the Industrial Accident Compensation Insurance Fund in two years, with the budget increased compared to previous allocation rounds due to no investment made last year.
Samsung Asset Management Allocates 90 Billion KRW to Three Venture Capital General Partners
The three selected general partners will divide the 90 billion KRW allocation from the Industrial Accident Compensation Insurance Fund. Each general partner secured over 30 billion KRW in investment commitments from banks, pension funds, and mutual aid associations prior to selection. Following their designation as Industrial Accident Compensation Insurance Fund general partners, each firm plans to form funds exceeding 100 billion KRW in total size.
Samsung Asset Management operates the alternative investment products through an Outsourced Chief Investment Officer arrangement with the Ministry of Employment and Labor's Industrial Accident Compensation Insurance Fund. The venture capital sector allocation represents the fund's return to venture capital investments after a one-year gap.
Private Equity Fund Selection Underway with 180 Billion KRW Budget
Samsung Asset Management is conducting simultaneous selection for private equity fund general partners with a total budget of 180 billion KRW allocated to the private equity fund sector. The asset manager plans to select three general partners for the private equity fund category, matching the structure of the venture capital allocation.
Private equity fund applicants must qualify as institutional private collective investment vehicles under the Financial Investment Services and Capital Markets Act. General partners must form funds with a minimum total size of 150 billion KRW. The core requirement mandates securing investment commitments from other institutional investors equivalent to at least 30% of total fund formation size or a minimum of 50 billion KRW.
FAQ
What did Samsung Asset Management announce on the 7th regarding the Industrial Accident Compensation Insurance Fund?
Samsung Asset Management announced the selection of three venture capital general partners — IMM Investment, Partners Investment, and Premier Partners — for the Ministry of Employment and Labor's Industrial Accident Compensation Insurance Fund alternative investment products. The three firms will manage a combined 90 billion KRW allocation.
How much funding did each selected venture capital general partner secure before selection?
Each of the three selected general partners secured over 30 billion KRW in investment commitments from banks, pension funds, and mutual aid associations prior to their selection as Industrial Accident Compensation Insurance Fund general partners. Following selection, each firm plans to form funds exceeding 100 billion KRW in total size.
What are the requirements for private equity fund general partners in the ongoing selection process?
Private equity fund general partners must form funds with a minimum total size of 150 billion KRW and qualify as institutional private collective investment vehicles under the Financial Investment Services and Capital Markets Act. The core requirement mandates securing investment commitments from other institutional investors equivalent to at least 30% of total fund formation size or a minimum of 50 billion KRW.
