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Angel Fund of Funds
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Angel Fund of Funds?
- Angel Fund of Funds is funded by KFoF (Korea Fund of Funds) to invest in Private Investment Associations which make investments in early-stage startups and venture companies in Korea. Managed by KVIC, the fund is organized in a form of KVF (Korea Venture Fund) in 2015 based on Special Measures for Promotion of Venture Businesses Act.
- In a FoFs structure, Angel Fund of Funds indirectly invests in startups and venture companies through Partnership Funds in a form of Private Investment Associations.
Structure of Angel Fund of Funds
- Capital from KFoFs to Angel FoFs (Managed by KVIC), Dividends from Angel FoFs (Managed by KVIC) to KFoFs
- Angel FoFs (Managed by KVIC) to Private Investment Associations (Managed by Individuals or Private firms) Capital, Private Investment Associations (Managed by Individuals or Private firms) to Angel FoFs (Managed by KVIC) Dividends
- In Private Investment Associations (Managed by Individuals or Private firms), Startups & Invest with Venture Companies, Startups & Dividends from Venture Companies to Private Investment Associations (Managed by Individuals or Private firms)
- Dividends from Private Investment Associations (Managed by Individuals or Private firms) to Private Investors, Capital from Private Investors to Private Investment Associations (Managed by Individuals or Private firms)
Angel Fund of Funds Overview
(as of the end of December 2022, unit:USD million)
| Angel Fund of Funds | |
|---|---|
| Established in | November, 2015 |
| Fund size | 61.6 |
| No. of Partnership Funds | 23 |
| Fund Capitals | 95.5 |
| Investment Areas | early-stage startups and venture companies |
| Fund Duration | 20 years(∼ Nov., 2035) |
| Managed by | KVIC |