Fund of Funds

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Mirae Asset-Naver Asia Growth Fund

The fund was established as a strategic collaboration between Mirae Asset Financial Group, one of South Korea's largest asset managers, and Naver Corp., the...

Mirae Asset-Naver Asia Growth Fund

The fund was established as a strategic collaboration between Mirae Asset Financial Group, one of South Korea's largest asset managers, and Naver Corp., the country's dominant web portal and search engine. It focuses on deploying capital into growth-stage technology companies across Asia, leveraging Naver's operating experience and Mirae Asset's financial resources. The fund pursues a growth-equity strategy, targeting late-stage venture rounds and pre-IPO opportunities in sectors such as e-commerce, fintech, digital health, and online media. Deployment is concentrated in South Korea, China, India, and Southeast Asia. The vehicle typically invests as a minority co-investor alongside leading regional venture firms, with check sizes ranging from $10 million to $50 million per deal. No publicly available data confirms current AUM, deployment figures, team size, or recent portfolio changes. No philanthropic or adjacent operating vehicles have been disclosed. A structural differentiator is the partnership between a major financial group and a leading internet company. This hybrid allows the fund to originate deals through Naver's corporate network and access proprietary data on consumer behavior, setting it apart from purely financial investors. Governance and succession details remain opaque, as no named executives are publicly associated with the vehicle.

General information

Firm type

Growth Expansion

Location

Region

Asia

Country

South Korea

City

Seoul

Corporate office

Seoul, South Korea

Additional offices

Singapore, Singapore

Principals

not publicly disclosed

not publicly disclosed

Sector focus

Venture CapitalGrowth EquityTechnologyAsia

Frequently asked questions

Which sectors does the fund explicitly avoid?

The fund has not publicly disclosed any exclusions. Based on its mandate, it avoids early-stage startups and primarily focuses on technology-driven sectors such as e-commerce, fintech, digital health, and online media.

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