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Investment banking

Korea Investment, Carlyle Group sign strategic partnership

The brokerage commits to invest $300 mn in Carlyle funds, secures the opportunity to source $4 bn in overseas credit products

By Oct 27, 2023 (Gmt+09:00)

1 Min read

Jung　Il-moon,　CEO　of　Korea　Investment　&　Securities　(right)　and　Harvey　M.　Schwartz,　CEO　of　Carlyle　Group　(Courtesy　of　Korea　Investment　&　Securities)
Jung　Il-moon,　CEO　of　Korea　Investment　&　Securities　(right)　and　Harvey　M.　Schwartz,　CEO　of　Carlyle　Group　(Courtesy　of　Korea　Investment　&　Securities)

Korea Investment & Securities Co. announced on Friday it has signed a strategic partnership with Carlyle Group, one of the world's leading private equity fund management companies. Carlyle Group manages a total of $385 billion in assets globally.

Through this partnership, Korea Investment & Securities has committed to invest a total of $300 million in Carlyle's funds and has secured opportunities to obtain approximately $4 billion worth of overseas credit products annually.

"By leveraging Carlyle's network, we expect to strengthen our competitiveness in international markets and enhance our capabilities, such as establishing a pipeline for retail product development and expanding channels for overseas investment bank transactions," CEO of Korea Investment & Securities Jung Il-moon said. 

Write to Sang Hoon Sung at uphoon@hankyung.com
#Korea Investment & Securities #Carlyle Group #overseas credit products #investment banking #Carlyle funds
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