Shinhan Investment & Securities, Sierra Investment (Sierra), and Hyundai Commercial announced on the 14th that they will establish a 50 billion won mobility shared-growth finance fund.
The newly created "Shinhan Sierra Mobility Shared-Growth Finance Institutional Private Equity Fund" was set up to provide operating capital, facility investment, research and development (R&D), and industrial transition funding for partner companies within the mobility industry value chain. Shinhan Investment & Securities and Sierra will jointly manage the fund and raise capital, while Hyundai Commercial will participate as a fund investor.
The main investment targets are partner companies that possess business competitiveness and growth potential in the mobility industry but require funding due to temporary liquidity shortages. The fund will be pursued as a productive finance model that supplies timely capital to companies with high growth potential, easing short-term liquidity burdens and supporting stable business operations.
"Through this fund, we plan to expand productive finance that connects capital market funds to the real economy and industrial sites, and to build a win-win finance platform where partner companies and financial institutions grow together," a Shinhan Investment & Securities official said. "Starting with the mobility shared-growth finance fund, we will expand the model to key national industries such as semiconductors, secondary batteries, steel, and defense."
