'LB Next Future Fund' Finalized at 303 Billion KRW
"Second Fund Exceeding 300 Billion KRW"
On May 29, LB Investment announced, "We have successfully completed the general meeting of partners to finalize the 'LB Next Future Fund' at a total size of 303 billion KRW."
With the establishment of the LB Next Future Fund, LB Investment's assets under management (AUM) have increased to 1.5091 trillion KRW. This marks the achievement of surpassing 1.5 trillion KRW in AUM for the first time in the 29 years since the company's founding.
This fund is LB Investment's second large-scale venture fund exceeding 300 billion KRW, following the 'LB Next Unicorn Fund,' which was established at 310.6 billion KRW in December 2020. During the fundraising process, LB Investment was selected for all capital commitment proposals from major institutional limited partners (LPs), including Korea Development Bank, National Pension Service, Government Employees Pension Service, Military Mutual Aid Association, Industrial Accident Compensation Insurance Fund, National Credit Union Federation of Korea, Korea Federation of SMEs, and Korea Post.
The 'LB Next Future Fund' will focus on AI (artificial intelligence) as its core investment axis and plans to invest across the entire cycle, from early to late stages, in various AI value chain areas such as robotics, healthcare, content, and gaming. LB Investment has consistently realized strong results by adhering to its philosophy of "selection and concentration," discovering promising startups at an early stage and supporting their growth through multiple follow-on investments.
Recently, several portfolio companies, including Organoid Sciences, D&D Pharmatech, and ImmuneOncia, have been listed on the KOSDAQ market. Other companies such as S2W (an AI security company), Semifive (an AI semiconductor design solution company), Livesmed (a laparoscopic surgical robot company), and Nota (an AI on-device technology company) are also pursuing IPOs. All of these companies received initial investments from LB Investment and subsequently received two to three rounds of follow-on funding to support their growth. Notably, LB Investment is known to have invested in more than 20 promising companies in the AI sector alone.
Meanwhile, LB Investment has secured additional investment capacity through the establishment of this fund. After executing a total of 150.8 billion KRW in investments last year, the company plans to invest more than 150 billion KRW this year as well. Park Kiho, CEO of LB Investment and lead fund manager for this fund, stated, "Based on our proven track record with our strategy of selection and concentration, we will also successfully achieve the target returns for this fund."
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