Military Mutual Aid Association invests 390 billion KRW... 17 PE and VC firms selected

The Military Mutual Aid Association will invest 390 billion KRW in 17 domestic blind fund management companies. This amount is 30% higher than last year's investment of 300 billion KRW.

On the 2nd, the Military Mutual Aid Association announced a plan to entrust a total of 390 billion KRW, with 270 billion KRW to 9 private equity (PE) firms and 120 billion KRW to 8 venture capital (VC) firms.

For PE firms, approximately three large, medium, and small firms will be selected, with investments of 120 billion KRW, 90 billion KRW, and 60 billion KRW respectively. For VC firms, about four large and medium or smaller firms will be chosen, with 80 billion KRW and 40 billion KRW entrusted respectively.

Proposals will be accepted until the 18th. After an oral evaluation (PT) next month, the final entrusted management companies will be selected in December.