French PE Ardian opens 4th Asian office in Seoul
Dec 04, 2018 (Gmt+09:00)
NPS to cut global stocks under GP management, up its direct control
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
S.Korea's LS Materials set to boost earnings ahead of IPO process
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Korean PE funds shrink in 2023 for first time in 7 years
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
AI to drive Mirae Asset's next-phase growth: chairman
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Galaxy Ring, new foldables set to steal the show at Samsung Unpacked Paris
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
Paris-based private equity house Ardian has opened a Seoul office as its fourth Asian base, as South Korean institutional investors such as pension funds are expanding their presence in global investment markets.
With assets of $82 billion under management, Ardian will focus on funds of funds and co-investments, and real estate services to attract Korean investors, according to its statement issued on Dec 3.
Currently, it has a dozen Korean clients accounting for more than $1.4 billion assets under management.
Ardian, majority-owned by its employees, manages funds on behalf of around 750 clients through five investment pillars: funds of funds, direct funds, infrastructure, real estate and private debt.
Its investments in Asia represent $3.5 billion in capital of which various fund and direct investments are also held in South Korea, it added.
The Seoul office will be led by director Won Ha who has been working for Ardian in Singapore since 2011.
Earlier this year, it opened a Tokyo office after Singapore and Beijing.
Yeonhee Kim edited this article
-
Pension fundsNPS to cut global stocks under GP management, up its direct control
Jul 02, 2024 (Gmt+09:00)
-
Pension fundsKorea’s military fund taps ex-president of Woori Financial as CIO
Jun 28, 2024 (Gmt+09:00)
-
-
Pension fundsKorea's NPS CIO talks with GPIF, GIC execs on asset allocation
Jun 24, 2024 (Gmt+09:00)
-
Foreign exchangeKorea FX authorities, NPS raise currency swap limit to $50 bn
Jun 21, 2024 (Gmt+09:00)