FundraiseAug 13, 2026, 04:09 UTC

Mirae Asset Venture on track to raise ₩929B in new funds this year

What's the deal? Mirae Asset Venture Investment has formed ₩469 billion in new funds as of August 2026, backed by South Korea's leading public financing institutions. Seven funds have closed with capital from Korea Growth Investment Corp, Korea Venture Investment Corp (the Fund of Funds), and Korea Asset Management Corp.

Why now? The firm won selection across major public limited partners in South Korea's venture industry in 2026, including the Korea Development Bank's National Growth Fund, the National Pension Service, Korea Venture Investment Corp and Korea Growth Investment Corp.

The largest single close was a ₩107 billion project fund — the National Growth Fund's first private matching direct-investment deal — to back AI chip design firm Rebellions.

What's the endgame? More is planned for the second half of 2026: a ₩300 billion National Growth Fund and a ₩160 billion National Pension Service fund. Including those, Mirae Asset Venture expects to form ₩929 billion in new funds during 2026, its largest annual total on record.

That would push assets under management above ₩2.4 trillion, a roughly 60% jump over its end-2025 figure.

The numbers: The firm's half-year report showed consolidated operating revenue of ₩139.8 billion and operating profit of ₩37.4 billion for the first half of 2026. That operating profit already tops the ₩35.1 billion recorded for all of 2025, driven by portfolio value growth and fund dividend income from high general-partner stakes.

What's the endgame? Mirae Asset Venture is building a portfolio around AI value-chain and deep-tech companies. Its holdings include Rebellions and Moloco — both expected to list in 2027 — alongside domestic firms such as Upstage and Scatter Lab, and overseas names including Cohere, Moonshot AI, Genspark and Agibot.

The signal: As AUM climbs, management and performance fees grow with it, positioning the firm to sustain its earnings momentum. Winning across every major public limited partner in a single year underlines how state-backed capital continues to anchor South Korea's venture funding.