Hana Ventures intends to provide some $890m in loans and direct investment for VC firms targeting biotech and ICT companies, over the next three years.
South Korea-based financial services firm Hana Financial Group has set up a ₩1 trillion ($894m) fund-of-funds that will provide debt financing to venture capital firms, NewsWorld has reported.
Hana Ventures launched last month and is headquartered in the city of Seoul. It plans to deploy the capital by 2021, targeting VC firms investing in biotech and information, communication and technology (ICT) product developers.
The company has put up ₩100bn for a fourth Industrial Revolution fund expected to be formally established…
