Castling Investment Group forms Alliance with Global Private Equity Advisory Firm Altius Associates Ltd
24 Mar, 2014
Castling Investment Group (“Castling”), South Korea’s first domestic, independent private equity advisory firm, and Altius Associates (“Altius”), a global private equity advisory and funds of funds firm, have formalised a strategic business alliance through the signing of a memorandum of understanding (MOU).
The MOU, will enable Castling to co-market and jointly distribute select private equity, real assets and infrastructure products to prospective South Korean investors for the first time. Both firms will also work together to explore the possibility of expanding the scope of the partnership to better meet the needs of the institutional investor community in South Korea.
“We are very pleased to have forged this alliance with Altius Associates in order to meet the growing demand for private equity, real assets and infrastructure here in South Korea,” says Steve J. Kim, Partner and Chief Investment Officer of Castling Investment Group. “Altius was our partner of choice because of their long-standing history, great reputation, and unique product offerings. We believe partnering with Altius will allow us to provide South Korean investors with a unique product suite that fits in-line with their preferences.”
Mr. Kim added: “Korean institutional investors appreciate a foreign brand name, but they also want local client servicing from experienced, senior-level professionals who are there to help them with all facets of their investment program and portfolio development, including post-investment monitoring and reporting services.”
Commenting on the news Altius Associates Executive Chairman, John A Hess, said “This relationship with Castling will provide Korean investors wishing to gain exposure to global alternative investments in the real assets and private equity space with a best-in-class investment and asset management platform.. “We are excited by the opportunities available in Korea, which is a market with significant growth potential, and look forward to developing our partnership with Castling.”
Together, Altius and Castling combine an international brand name and an established track record of selecting and accessing the highest-quality investment managers with a localized client-servicing arm with senior professionals who are headquartered in South Korea.