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NH Investment & Securities to Raise US$300 Mil. For Investment in Latin America
In Partnership with IDB Invest
NH Investment & Securities to Raise US$300 Mil. For Investment in Latin America
  • By Yoon Young-sil
  • November 6, 2018, 11:34
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Chung Young-chae (left), president of NH Investment and Securities, and Gema Sakrandan, chief investment officer of IDB Invest, hold the memorandum of cooperation (MoC) they signed in the headquarters of NH Investment and Securities in Yeouido, Seoul on Nov. 5.

NH Investment and Securities will invest in Central and South America in partnership with an organization of the Inter-American Development Bank (IDB).

The company announced on Nov. 5 that it has signed a memorandum of cooperation (MoC) with IDB Invest, an investment and management arm of the IDB, in Yeouido, Seoul, to establish an investment fund.

The IDB is a multilateral development bank with 48 member countries. IDB Invest provides private clients with customized financing solutions and expert advice tailored to their specific industry and market. 

NH Investment and Securities and Amundi Asset Management will establish a fund of US$300 million by attracting institutional investors. IDB Invest, which is responsible for the execution of investment, will carry out senior lending to private companies in such sectors as finance, energy and infrastructure in 26 member countries in the region.

"The cooperation with the IDB lays the foundation for giving aid to the international community and expanding investment in Latin America and the region," said Chung Young-chae, president of NH Investment and Securities. "Our collaboration with IDB will help us increase our overseas investment and advisory capability."