Mirae Asset Global Investments Launches “Alpha Selection,” Expands Indirect Private Equity Public Fund Lineup

Addition of Aggressive Strategies
Expanding Investment Choices for Clients

Mirae Asset Global Investments announced on July 15 that it has launched the “Mirae Asset Alpha Selection Balanced Asset Investment Trust (Private Equity Fund-of-Funds, Indirect Private Investment Type),” thereby expanding its product lineup of public offering, indirect private equity funds.

The Mirae Asset Alpha Selection Balanced Asset (Private Equity Fund-of-Funds Indirect Type) is a publicly offered indirect private equity fund that invests in a diversified portfolio of leading domestic private equity funds. Among top-tier private equity funds in Korea, the fund primarily invests in equity funds deploying listed-stock-based long-only investment strategies, and flexibly incorporates long-short strategy funds depending on market conditions to hedge and protect returns.

While the existing “Hedge Fund Selection” provided a stable offering by diversifying investments across private equity funds with various strategies such as event-driven, bonds, mezzanine, and multi-strategy, the newly launched “Alpha Selection” increases its allocation to listed equity long-only strategies, actively aiming for higher returns.

With this new offering, the lineup now extends to include public offering indirect private equity funds targeting high-risk, high-return investments. It is expected to meet the diverse demands of investors seeking to outperform the market.

Since 2017, Mirae Asset Global Investments has managed the “Mirae Asset Hedge Fund Selection Balanced Asset (Private Equity Fund-of-Funds, Indirect Type),” Korea’s first public offering indirect private equity fund. Since its inception in September 2017, the fund has posted a cumulative return of 99.75%. Its net asset value stands at approximately 440 billion won, making it one of Korea’s leading indirect private equity public funds.

Indirect private equity public funds allow retail investors to gain diversified exposure to high-performing private equity funds with small amounts, without the minimum investment barrier (300 million won) that is typically required for private equity funds. The recently introduced National Growth Fund (national participation type) also employs this indirect private equity public fund structure.

Taekyung Sung, Head of Channel Solutions at Mirae Asset Global Investments, said, “Based on the experience and selection capabilities we have accumulated over the past decade in managing private equity and hedge funds, we have introduced this new product to expand investment choices for our clients. We expect that it will serve as an efficient investment solution, allowing clients to diversify across a variety of excellent strategies while reducing the burden of direct investment in individual private equity funds.”

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