# Kyobo Life Asset Management (America)

Kyobo Life Asset Management (America) is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** Undisclosed
- **Website:** kyoboamerica.com

## Regulatory record

- **CRD number:** 174341
- **SEC file number:** 801-80868
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/174341

## About

KYOBO LIFE ASSET MANAGEMENT (AMERICA) CO., LTD. is an SEC-registered investment adviser in NEW YORK, NY, since 2015. The firm manages approximately $1.5 billion in regulatory assets. It has 4 employees and 4 investment advisers.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Private Equity

## People

- Chang Hoon Lee — President & CEO

## Questions

### What is Kyobo's risk appetite for US investments?

Core and core-plus assets with long-dated, investment-grade cash flows define the mandate. The parent insurer must satisfy Korean Insurance Capital Standard (K-ICS) requirements, which penalize speculative development and highly leveraged structures. As a result, the firm avoids ground-up development unless it is substantially pre-leased, and it generally targets levered returns rather than equity-heavy opportunistic IRRs.

### Which US property types and geographies does the firm prefer?

Office, multifamily, and industrial properties in primary coastal markets — New York, Boston, San Francisco, Los Angeles — form the historical core. The firm has selectively evaluated logistics assets in Sun Belt markets. Retail and hospitality are generally excluded unless attached to a mixed-use asset with strong office or residential anchors.

### How does a prospective operating partner or GP engage Kyobo Life Asset Management (America)?

The firm does not publicly solicit investment proposals, and its deal flow originates through existing partner networks and intermediary relationships in Seoul and New York. Introduction through a known party — a law firm, broker, or existing co-investor — is the standard path. The lean New York team means speculative outreach rarely yields a response.

### Is Kyobo Life Asset Management (America) making new investments in the current rate environment?

The insurer's liability-matching model means it must continuously deploy premiums into matching-duration assets regardless of the rate cycle. However, its underwriting criteria tighten when cap rates compress, and it has been an active private credit lender during periods when all-in yields on senior loans exceeded equity return hurdles on the same assets.

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Last updated: 2026-06-03T20:00:00.000Z

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