메뉴 건너뛰기

Corstone Announces the Closing of the Corstone Growth Strategy M&A Private Equity Fund

2016-01-29 13:40
Corstone Capital 제공

WASHINGTON & SEOUL, SOUTH KOREA--(Business Wire/Korea Newswire) January 29, 2016 -- Corstone announced the closing of the Corstone Growth Strategy M&A Private Equity Fund (“Fund”). The Fund is a 150 Billion KRW (US$124.5 Million) fund managed primarily by Corstone Asia’s investment team located in Seoul, Korea. The Fund’s mandate is to target M&A and growth equity investments in small to mid-sized companies domiciled in South Korea. Target companies may also be located outside of Korea, with the capability to support acquiring companies in the US. The Fund will seek companies in Corstone’s historically targeted industries. The Fund also has sidecar or parallel fund features to provide for increased investment.

The Fund’s cornerstone investors include the Growth Ladder Fund managed by the Korea Development Bank, the Korean Teacher’s Pension Fund, and Corstone Capital.

Albert (Bud) Hawk, Chairman of Corstone, remarked “We are very pleased to have been selected through a highly competitive bidding process to be awarded the investment by the Growth Ladder Fund and the Teacher’s Pension. The Fund mandate leverages our international capabilities with our core success in Korea. We are actively building our pipeline and looking for target companies.”

Corstone Capital is a global diversified asset management and strategic advisory firm that has been an active investor in Korea since 1994. Corstone Asia is one of the fastest growing private equity managers in Korea. The Fund is the 11th fund organized and managed by Corstone Asia.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160128005467/en/

News Source: Corstone Capital

Corstone Asia, in Seoul
Sunho Choi
Co-CEO
+ (82) 2 319-1206
sunho.choi@corstone.com

Corstone, in Washington, DC
Cindy Stark
Director of Business Development
+1(301) 825-8756
cindy.stark@corstone.com
www.corstone.com.

이 뉴스는 기업·기관이 발표한 보도자료 전문입니다. 언론 매체와 블로거는 보도를 목적으로 이 보도자료를 사용할 수 있습니다.

이전화면

서비스 안내

이 보도자료는 기업이 작성해 뉴스와이어 서비스를 통해 배포한 것입니다.
powered bynewswire Logo
보도자료를 발표할 생각이세요?

뉴스와이어는 국내 최강의 보도자료
배포 플랫폼입니다.

무료 가입하기

서비스 개요

회원이세요? 로그인