LG Life Sciences hires managers for fund, which will see it and the National Pension Service of Korea invest KRW 200bn ($180m) each in the fund.
LG Life Sciences, a full-fledged LG affiliate that spun-off from South Korea conglomerate LG Group/LG Chem in 2002, and the National Pension Service of Korea (NPS), are hiring managers. Hong Kong-based private equity firm Excelsior Capital Asia, pharmaceutical investor Burrill & Company, and Korean private equity firm K&K, will manage and invest as general partners (GP) a KRW400bn ($356m) private equity fund.
The fund will target overseas companies. LG Life Sciences and NPS signed a memorandum of understanding (MoU) to create…
