Eximbank of Korea to commit $143 mn to 4 Korean PEs

IMM Investment, Korea Investment Private Equity (PE), Corstone Asia, and Paratus Investment have been selected for the Export-Import Bank of Korea's (Eximbank) supply chain stabilization fund investment.

Korea Eximbank will contribute 200 billion won ($143 million) to these funds, with the combined minimum target fund size reaching 1 trillion won ($713 million).

According to sources in the investment banking industry on Monday, Korea Eximbank selected two managers for the large-scale fund segment and two for the mid-sized fund segment in its supply chain stabilization initiative for the second half of this year.

Each large-scale fund manager will receive 70 billion won ($49.9 million), while each mid-sized fund manager will receive 30 billion won ($21.4 million).

Write to Jong-Kwan Park at pjk@hankyung.com