2016-01-29 13:40
Corstone Announces the Closing of the Corstone Growth Strategy M&A Private Equity Fund
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/
Corstone Capital 전체 보도자료 보기
이 뉴스는 기업·기관이 발표한 보도자료 전문입니다. 언론 매체와 블로그는 보도를 목적으로 이 보도자료를 사용할 수 있습니다. 보도자료 등록 안내
Media Contact

Corstone Asia, in Seoul
Sunho Choi
+ (82) 2 319-1206

Corstone, in Washington, DC
Cindy Stark
Director of Business Development
+1(301) 825-8756

이 보도자료 관련 분야

금융  펀드/연금  투자  해외

관심 분야 보도자료 구독 방법

가입하면 관심 분야 보도자료를 마이 뉴스와 이메일로 볼 수 있습니다. 스마트폰과 RSS로도 가능합니다.

보도자료 배포 서비스 안내

뉴스와이어는 4천여개 언론매체에서 일하는 1만7천여명의 기자에 보도자료를 배포해 언론이 보도할 수 있게 합니다.

해외 보도자료 배포 안내
비즈니스와이어와 제휴해 해외 언론에 보도자료를 배포합니다.