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Altius, Castling partner to target South Korean institutional investors

20 Mar 2014

South Korean private equity advisory firm Castling Investment Group has inked an agreement with Altius Associates to provide South Korean institutional investors with private equity, real assets and infrastructure products.

The partnership 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, according to Steve Kim, partner and CIO of Castling

“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,” said Kim. “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.”

He 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 onitoring and reporting services.”

Altius Associates executive chairman, John 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.”

Altius Associates currently advises and manages approximately $24bn in private equity and real assets funds for clients based across Europe, North America and Australia.

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