Invest KOREA

2011 NEW GROWTH ENGINE INVESTMENT FUNDS CALL FOR PROPOSALS
by Korea Institute for Advancement of Technology (KIAT)

The Korea Institute for Advancement of Technology (KIAT) calls for proposals (hereinafter, CfP) from private equity fund and fund managers of limited partnerships to invest in the emerging industry for which the Korean government has announced plans to promote development of 17 environmentally friendly and cutting-edge technologies, which are shown in the following section, to lead the nation’s economic growth for the next 10 years. To carry this out, the new growth engine investment fund has been formed since 2009, and the KIAT has played a significant role in catalyzing greater investment into the emerging industry in Korea.

The KIAT is inviting proposals from qualified private sector fund managers for the various formation and management of the new growth engine investment fund. The KIAT intends to consider providing up to 50 billion won in limited partner interests or their equivalent, of which financing will represent up to 20 percent of the total capitalization of a given fund. The KIAT will finance up to three funds this year and reserves the sole right to determine the number of funds. The balance of each selected fund’s capital is to be raised from other sponsors and private sector investors.

For more information, please refer to the attached files.