Korea Venture Investment Corporation has issued a request for proposals to commit a total of 30 billion Korean won ($22 million; €19 million) to two venture capital fund managers. Each manager will receive an allocation of 15 billion won, with each fund targeting a size of 50 billion won. The corporation requires that 60 percent of the committed capital be invested in small and medium-sized enterprises, including overseas-established companies that meet specific conditions outlined in the RFP.
This initiative aims to strengthen domestic venture capital capabilities by supporting fund managers who can effectively deploy capital into early-stage and SME ventures. The focus on blind-pool funds allows for flexible investment strategies while maintaining strategic oversight. Interested fund managers must submit proposals demonstrating their ability to meet the investment criteria and target the designated capital commitments.
The RFP reflects Korea Venture Investment Corporation's ongoing commitment to fostering innovation and entrepreneurship through targeted venture capital investments. By allocating significant capital to qualified managers, the corporation seeks to catalyze growth in the startup ecosystem both domestically and internationally.
Source: PE International · Summarized by HeadlinesBriefing