KDB Capital cautious about making investments The credit finance firm's investment in project-specific funds has shrunk sharply
Translated by Kim So-in 공개 2020-06-04 08:00:00
이 기사는 2020년 06월 04일 08:00 thebell 에 표출된 기사입니다.
KDB Capital’s investment in project-specific funds has shrunk sharply as it strictly manages risk assets in its portfolio.The credit finance firm has altered its investment portfolio in a move to more strictly manage its risk, according to investment banking (IB) industry sources on June 2. KDB Capital aims to keep its portion of investment assets classified as risky in its portfolio to below 25 percent of its total assets.
Currently, KDB Capital’s investment assets reportedly represent between 27 percent and 28 percent of the total assets, which has already exceeded the limit. In order to reduce the portion of investment assets, KDB Capital has been very selective in choosing where to invest, putting money only in acquisition financing deals or mezzanines that offer guaranteed returns.
“KDB Capital has rapidly reduced its investment as a limited partner since the second half of last year. Market insiders widely think that it is difficult to receive funding [from KDB Capital] unless it is a structured deal that offers guaranteed returns,” a PE firm official said.
KDB Capital’s cautious approach is in stark contrast to other financial institutions which are showing signs of restarting their investments that have been suspended due to the Covid-19 pandemic.
Major credit finance firms Shinhan Capital and IBK Capital are considering investments in various kinds of deals. Aju Capital, Acuon Capital and DGB Capital, which usually provide investment funds to small and medium-sized general partners (GPs), have also resumed their investments, while KDB Capital is making limited investments.
KDB Capital’s strategy has shifted to enhancing its GP organization in return for limiting its investment. The firm has established a team to actively act as a GP. It may also plan to secure funds by forming a blind-pool fund with a private equity firm so that it can continue to make investments without depending on internal funds.
(Reporting by Se-hun Jo)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- '살얼음' 분위기 깬 이지효 파두 대표 사과
- [DL이앤씨 인사 격변]마창민 대표도 떠난다, 조직 전면 쇄신
- [DL이앤씨 인사 격변]인적분할 4년차, '가이던스 달성 실패' 후폭풍 거셌다
- [DL이앤씨 인사 격변]CFO도 퇴출, 후임자 내외부 물색
- [DL이앤씨 인사 격변]감원 칼바람, 임원 10명 중 3명 짐 쌌다
- CJ올리브영, 글랜우드PE와 결별 '이사회 재정비'
- [코스닥 주총 돋보기]'상폐 위기' 엠벤처투자, 주주 해명 '안간힘'
- FI 지분 되사온 CJ올리브영, ‘승계 플랜’ 본격 가동하나
- 에스텍파마, 폴라리스AI파마로 '새 출발'
- 나무가, '공정 자동화 전문가' 이동호 대표이사 선임