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Korean military fund to commit $30 mn to two US venture capital FoFs
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Date : 2017-06-26
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The Military Mutual Aid Association (MMAA) will commit $30 million in aggregate to two US venture capital funds of funds in its first investment in a global venture capital fund, targeting annual returns of between 15% and 20%.
Korea Scientists and Engineers Mutual-aid Association (SEMA) has also decided to allocate an undisclosed sum to the two FoFs of Top Tier Capital Partners and Horsley Bridge Partners, according to investment banking sources on June 1.
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