Affirma Capital launches private credit unit Former NPS executive joins Singapore-based PE firm to lead Affirma Credit Solutions
Translated by Ryu Ho-joung 공개 2022-05-16 08:05:53
이 기사는 2022년 05월 13일 07:59 thebell 에 표출된 기사입니다.
Singapore-based private equity firm Affirma Capital has launched a unit dedicated to private credit strategies, with a former pension fund manager joining the firm to lead the new unit.Affirma Credit Solutions Korea is targeting to raise its first fund of around 200 billion won ($156 million) and make its first investment from the fund in the third quarter of this year, according to industry sources.
Kim Seong-mok, a former executive at South Korea’s National Pension Service (NPS), was appointed as the head of the PE firm’s private credit arm. Kim started his financial career as an investment banker. Before joining Affirma, he spent seven years at the state-controlled pension fund where he was responsible for risk management for alternative investments.
Affirma Credit Solutions will operate independently while maintaining the core strengths of the PE firm. Affirma Capital’s Korea unit is one of its major shareholders. Taeyub Kim, founding partner and head of Korea, and managing director Thomas Shim will serve on the private credit unit’s board of directors.
Affirma Capital, formerly Standard Chartered Private Equity, has a solid track record of investing in mezzanine and growth capital. The firm also has deep knowledge and experience of secondary strategies that it built through several secondary transactions completed when it spun off from Standard Chartered Bank.
Continuation funds are another area of focus Affirma Credit Solutions is looking at. They are one type of general partner-led secondary deal and allow general partners to hold a promising portfolio company for a longer duration by moving it into a new fund vehicle.
Affirma Credit Solutions intends to provide diverse co-investment opportunities to its limited partners by pursuing secondary strategies and continuation funds.
Affirma Capital plans to boost its private credit unit by making more hires. Some of the PE firm’s senior managers joined Affirma Credit Solutions and more junior staff are expected to be hired. (Reporting by Hyo-jung Lim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- 하이브IM, 기업가치 2000억 넘어섰다
- [thebell note]대신증권 ‘종투사 전환’에 거는 기대
- [Market Watch]'조달 난항' 중견 건설사, P-CBO가 대안될까
- [IB 수수료 점검]한국증권, 샤페론 유증 모집주선만으로 '억대 수익'
- [CFO 워치]하나증권 신임 김정기 본부장, 최대 과제 '실적 턴어라운드'
- [thebell note]'월클' LG전자, 너 자신을 알라
- [HD현대마린솔루션 IPO]해외 확약 '6%'...반복되는 국내 투자자 역차별 논란
- [아시아나 화물사업부 M&A]MBK 손잡은 에어프레미아, 다크호스 등극
- [대기업 프로스포츠 전술전략]전북현대, '돈방석' 기회 끝내 놓쳤다
- 골프존, 주가 하락에 발목잡혔나…GDR 분할 '무산'