The Fund of Funds is a representative policy fund established with government finances to foster small and venture businesses. It selects specialized management firms in each sector and invests in venture funds through them. The "Future Environment Scale-up" category, for which Hanwha Investment & Securities was ultimately chosen, aims to nurture promising companies in environmental fields such as carbon neutrality, resource circulation, clean air, and bio-based materials.
Hanwha Investment & Securities was selected as the final management firm after surpassing a competition ratio of 7 to 1. The company received high marks for its full-cycle management strategy covering investment, scale-up, and exit, as well as for its proposed strategies in government policy linkage, technological scalability, follow-up investment attraction, and exit strategies focused on mergers and acquisitions (M&A).
Hanwha Investment & Securities is currently recruiting private limited partners (LPs) with the goal of forming a fund of approximately 50 billion won in the second half of this year.
The company has over 25 years of experience in venture capital (VC) and currently manages eight funds with total assets of 450 billion won. Since joining Hanwha Investment & Securities, four funds have been liquidated, recording an average annual return of 17%, which is among the highest in the industry. In particular, the company has accumulated significant expertise in environmental investment, including establishing its own standards through the management of an ESG (Environmental, Social, and Governance) fund of about 100 billion won.
Kim Dohyung, head of the VC team at Hanwha Investment & Securities, stated, "We possess differentiated experience and capabilities in forming policy funds and in the field of environmental investment," adding, "We will continue to serve as a solid bridge between policy and the market."
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