NH NongHyup Financial Group is accelerating the formation of its "NH Korea Win-Win Growth Fund." Following the launch of a 500 billion won first fund this month, the group is now establishing a 1,000 billion won — 100 billion won — second fund, gaining momentum toward its goal of investing a total of 1 trillion won within the year.
NH NongHyup Financial Group announced Thursday that it will establish the NH Korea Win-Win Growth Fund No. 2 (tentative name). The fund will be set up at a total scale of 100 billion won, with NH-Amundi Asset Management serving as the general partner (GP).
Earlier, NH NongHyup Financial Group completed the formation of the 500 billion won first fund on the 14th of this month. The first fund focuses on infrastructure investment and lending. The group plans to supply capital not only through equity investment but also at the project financing (PF) stage, supporting the stable growth of national strategic infrastructure projects.
The second fund will concentrate on investments in promising regional small and mid-sized enterprises. Key investment targets include regionally specialized materials, parts and equipment companies, large-corporation vendors, and core companies in regional value chains. NH NongHyup Financial Group also plans to participate as a limited partner (LP) in sub-funds of the National Growth Fund. As the National Growth Fund allocates more than 40% of its total capital to supporting non-capital regions, the group expects to contribute to expanding regional investment and bolstering growth engines for local industries.
The NH Korea Win-Win Growth Fund is structured so that NH NongHyup Financial Group affiliates provide all of the capital. Without raising funds from outside institutions, the banking, life insurance, non-life insurance, securities, and capital units have joined forces. The group has set a goal of contributing a total of 1 trillion won within the year. In line with this target, the formation of a third fund and others will proceed sequentially.
The group will also actively leverage its affiliate network to ensure timely capital supply. "We will swiftly identify promising regional investment demand through our local branches and business outlets, and pursue actionable investments using our existing deal pipeline," an NH NongHyup Financial Group official said.
