# Lindeman Asia Investment

Lindeman Asia Investment is an Asset Manager based in Seoul, South Korea.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Seoul, South Korea
- **Region:** Asia
- **Address:** Seoul, South Korea
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** laic.kr
- **LinkedIn:** https://www.linkedin.com/company/lindeman-asia-investment

## Regulatory record

- **Reports private funds:** No

## About

Lindeman Asia Investment is a South Korean private equity fund management company founded in 2006 in Seoul. It invests in small and mid-sized companies in Korea and China. The firm has made 11 investments, including a July 2023 investment in Yulim Tech.

## Sectors

- Consumer & Retail
- Enterprise Software
- Healthcare Services
- Industrial Tech
- Media & Entertainment

## Offices

- Shanghai, China

## People

- Bryan (Byung-Chul) Kim — Chief Executive Officer

## Questions

### Who runs investment decisions at Lindeman Asia Investment?

Bryan (Byung-Chul) Kim serves as CEO and chairs the investment committee. Prior to founding Lindeman in 2013, he held senior roles at Korea Development Bank and Shinhan Financial Group. All investment decisions require Kim's approval, making key-person risk a material consideration for allocators evaluating the firm's next fund.

### How does Lindeman source proprietary deal flow?

Lindeman operates a bilateral sourcing model between Seoul and Shanghai. Deal origination relies on Kim's personal relationships with Korean conglomerates seeking Chinese market access and with Chinese entrepreneurs who need Korean operational partners to scale domestically. The Shanghai office serves as the primary origination node for mainland China deals.

### What investment stages does Lindeman typically target?

The firm focuses exclusively on growth-stage companies with established revenues and proven business models. Lindeman does not invest in seed, Series A, or pre-revenue ventures. Typical equity checks range from $10M to $40M, and the firm seeks both control positions and significant-minority stakes where it can drive operational improvements.

### Which sectors does Lindeman explicitly avoid?

Lindeman's mandate excludes early-stage technology, natural resources, and real estate. The firm has no publicly disclosed exposure to cryptocurrency, blockchain infrastructure, or energy extraction—its portfolio is concentrated in consumer-facing businesses, enterprise software, healthcare services, and industrial technology with an Asia-Pacific operational footprint.

### Is Lindeman participating in fund commitments or only direct deals?

Lindeman executes direct investments exclusively. It does not operate as a fund-of-funds, nor does it allocate LP capital to third-party GPs. All deals are proprietary, sourced through the Seoul and Shanghai offices, and managed directly by Lindeman's investment team.

### What is Lindeman's known posture on co-investments alongside external GPs?

Lindeman regularly syndicates deals with Korean institutional co-investors and occasionally alongside Southeast Asian family offices. The firm has not publicly disclosed co-investing alongside Western private equity sponsors; its LP base and co-investment partners are primarily drawn from the Korean pension, insurance, and banking ecosystem.

## Related profiles

- [Lincolnshire Management](https://altss.com/profile/lincolnshire-management)
- [Linden Asset](https://altss.com/profile/linden-asset)

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

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