The tyre producer has teamed with alternative asset manager to form the fund, which will make strategic investments.
South Korea-based tyre manufacturer Nexen has formed a KRW 300bn ($292m) investment fund in partnership with alternative investment firm CLSA Capital Partners, China Money Network reported yesterday.
The Nexen Global Fund will invest internationally in companies that complement its core tyre and automotive supply business, making investments of between $50m and $100m.
National Pension Service of Korea is the primary investor in the fund, which has been established as part of its corporate partnership programme. It will be co-managed by…
