Andyforce establishes ND Investment... Launches first fund

Forming Co-GP '1st Investment Association' in Partnership with Kairos Investment
Line Games Investment, Plans to Establish 2nd Fund Within the Year... Focused on Discovering Innovative Technology Companies

[Asia Economy Reporter Kwangho Lee] AndyForce has established a new management participation private equity fund (PEF) called ‘ND Investment.’ At the same time, it is expanding its investment footprint by forming its first fund.

ND Investment recently announced on the 19th that it partnered with Kairos Investment to create the Co-GP fund ‘1st Investment Association,’ focusing on discovering companies that will lead future industries. This fund was raised with a scale of 52 billion KRW. The first investment target is Line Games.

Starting with the establishment of the first fund, ND Investment plans to continue forming a second fund within the year. It aims to discover and invest in companies that can maximize corporate value in fields such as tech, entertainment, metaverse, bio, and healthcare.

ND Investment received PEF approval from the Financial Supervisory Service on August 22. Kim Kibo, head of asset management at AndyForce, was appointed as CEO. CEO Kim has accumulated diverse management experience, starting as an analyst at Woori Investment & Securities, and working at Meritz Securities and Truston Asset Management in fund management and prop trading.

To enhance investment expertise, four professionals specialized in corporate investment, including certified public accountants, were also recruited. The company plans to further expand its staff in the future.

CEO Kim stated, “We plan to pursue sustainable growth in a rapidly changing environment and discover companies with innovative technologies,” adding, “ND Investment will be a partner that supports the journey of business success, growing together with companies.”

Meanwhile, AndyForce aims to diversify its business centered on the newly established specialized investment company and to secure new growth engines by organically cooperating with AndyForce and its affiliates to create synergies across various fields.