CLSA Capital Partners announced that it has introduced a KRW300 billionNexen Global Co-Investment Fund, its first private equity fund based in Korea.
CLSA is an Asian alternative investment firm. The Nexen Global Fund was established in collaboration with Korean tire manufacturer Nexen Corp. and Nexen Tire Corp. To help further expand Nexen s international presence, it has set to make overseas investments related to Nexen s core tire enterprise and automotive supplies.
National Pension Service of Korea (NPS) is primary investor of the fund. The vehicle is developed as part of the NPS s Corporate Partnership Program, a move drafted to help Korean companies expand internationally.
Korea s Calix Investment Co. Ltd. and CLSA Capital Partners will co-managed the fund. They will assist in sourcing, execution and integration of investment opportunities.
Last year, CLSA Capital Partners inaugurated Soeul-based CLSA Capital Partners Korea Limited.