IGIS closes USD350m IGIS Strategic Fund I

IGIS Asset Management Co has closed IGIS Strategic Fund I, a fund with an equity capitalisation of KRW400 billion (approximate USD350 million), 12 months after launching marketing.

The Fund reached its hard cap of KRW400 billion and received capital commitments from two leading Korean institutional investors, The National Pension Service of Korea (NPS) and Korea Post. IGIS declined to comment on the fund raise.

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