The Seoul-based financial services firm provides brokerage, trading, investment banking, asset management, and advisory services.
The alternative asset manager, which has begun the process of listing in India, is reportedly targeting $131 million for the strategy.
As part of its broader mandate the fund will reportedly serve as a national-level secondary vehicle, acquiring company stakes to provide strategic industries with patient capital.
Avendus Future Leaders Fund III, which is already 30% deployed, has invested ~$15 million in Parag Parikh Financial Advisory Services via secondary.
The oversubscribed vehicle will make sub-€20 million investments exclusively in European VC funds.
The Sydney-based manager has launched its inaugural fund, targeting investments across five AI growth vectors.
Billed as Australia's first dedicated secondary fund of VC funds, the vehicle held a first close last year.
This will be the first of several planned vehicles aimed at advancing secondary market activity, primarily in the Japanese market.
RGCM Fund 1, which targets venture-backed company directs, attracted investments from several institutional LPs including Japan Investment Corporation.
The Category II AIF targets pre-IPO and secondary market opportunities in India.
