This article was published on June 12, 2025, at 6:31 p.m. on the ChosunBiz MoneyMove site.
STIC Investments' Credit Division has completed the first closing of its first blind fund. Initially, the goal was to finalize the fund at 300 billion won within the year, but the first closing amount has approached approximately 340 billion won, exceeding the originally planned final closing figure. The final target has been adjusted to 500 billion won.
On the 12th, according to the investment banking (IB) industry, STIC's Credit Division completed the first closing of its first blind fund, 'STIC Hybrid Credit,' on the 10th. This comes 11 months after fundraising began in July of last year.
The first fund of STIC Credit consists of two blind funds and one sidecar fund (an auxiliary fund operated in parallel with the main fund), making a total of three. The two blind funds have amounts of 240 billion won and 51.65 billion won respectively. The amount set for the sidecar fund is 51.65 billion won.
The institution with the largest investment is Samsung Fire & Marine Insurance. It is reported to have invested a total of 100 billion won in the two funds. Other major investors include Korea Post with 75 billion won, the Industrial Accident Compensation Fund with 40 billion won, and the Military Mutual Aid Association with 30 billion won.
STIC Credit is currently waiting for investment results from the Korea Science and Technology Personnel Mutual Aid Association. It is on the shortlist, and if selected, it will secure an additional 50 billion won.
In addition, Growth Finance is poised to invest 50 billion to 60 billion won per operator, and the investment from the Yellow Umbrella Fund is expected to commence in the second half of the year.
STIC Credit plans to accept additional investments in the second half of the year to finalize the closing at 500 billion won.