Mirae Asset Securities

Park Hyeon-joo, the founder of Mirae Asset Financial Group, retains influence over major principal-investment decisions as the group's Global Strategy Officer. Day-to-day securities underwriting and brokerage operations are led by the subsidiary's CEO, though the group's alternative-investment allocations — particularly large real estate and private equity transactions — are understood to run through a central investment committee that coordinates across Mirae Asset Global Investments and the securities arm.

Mirae Asset relies on a combination of co-investor relationships with global general partners, its Hong Kong and New York investment teams, and in-bound advisory mandates from the securities arm's investment-banking franchise. The firm's Korean balance sheet and willingness to write large equity checks in cross-border hospitality and financial-services deals generate proprietary origination channels, particularly in transactions where Asian capital is a structural advantage versus Western-only bidding groups.

Mirae Asset Securities is a corporate investment bank and broker-dealer — not a family office — though Park Hyeon-joo's founder-control over the parent group means the firm's principal-investment activity shares some characteristics with single-family-offices that invest through an operating financial-services company. The securities subsidiary provides agency execution and advisory services to third-party clients while also deploying proprietary capital alongside the group's asset management arm.

Mirae Asset targets private equity (including growth equity and leveraged buyouts), real estate (hospitality, office, logistics), infrastructure, hedge funds, and venture capital. The firm's real estate transactions in the US and Europe have been notably large-scale, including the $5.8 billion acquisition of 15 US luxury hotels in 2019. The group also invests through its listed real estate investment trusts on the Korean exchange.

The securities arm generates fee income from equity and debt underwriting, brokerage, and M&A advisory, while the parent group's proprietary capital is deployed through direct-investment teams that co-invest with external general partners or acquire assets outright. This structure means principal-investment activity is funded in part by the firm's own balance sheet and in part by retail and institutional capital raised through Mirae Asset Global Investments, creating a blended capital base that differs from standalone private equity firms.

Mirae Asset is not capitalized by a single family's private wealth; it is a publicly listed financial-services conglomerate on the Korean exchange. Park Hyeon-joo is the largest individual shareholder and founder, but the firm's principal-investment capital is drawn from retained corporate earnings, listed subsidiary dividends, and third-party fund vehicles rather than a disclosed family pool.

Mirae Asset deploys capital across Asia, the United States, and Europe, with investment offices in Hong Kong, New York, and London. The firm's cross-border real estate strategy has concentrated on US hospitality assets and London office properties, while its financial-services private equity activity spans developed Asia and the US. The 2023 acquisition of a London derivatives exchange extended its European market-infrastructure exposure.