Private equity
IMM Investment eyes $900 mn infrastructure fund launch
Ex-IFC's Asia infrastructure director will manage the new fund
Jun 11, 2021 (Gmt+09:00)
1
Min read
Most Read
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)
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)
POSCO gears up for carbon-free steelmaking with hydrogen
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
South Korea sets sights on fostering EDA tech to win HBM chip war
![close](/images/ico/eyes/close.png)
![open](/images/ico/eyes/open.png)
![(Getty Images Bank)](https://www.kedglobal.com/data/ked/image/2021/06/11/ked202106110017.700x.9.jpg)
It will secure 700 billion won from domestic investors and the remaining 300 billion won from abroad. IMM plans to hold an interim close for the new blind pool fund in September of this year, with its final close scheduled for the second quarter of next year, the Financial News reported on June 10. It was not immediately confirmed.
The new infrastructure fund will focus on core-plus assets, alongside value-add strategy.
![IMM Investment eyes 0 mn infrastructure fund launch](https://www.kedglobal.com/data/ked/image/2021/06/11/ked202106110021.329x.9.png)
IMM's co-CIO Hyun Chan Cho, a former drummer in a music group, will spearhead the fund. Before joining IMM in late 2019, he worked at the World Bank Group's International Finance Corp. for nearly 20 years, serving as director of the IFC's Asia infrastructure and resources.
IMM Investment, founded in 1999, manages 4.4 trillion won ($4 billion) in assets.
Yeonhee Kim edited this article.
More to Read
-
-
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)
Comment 0
LOG IN