IGIS Asset Management

Last updated
IGIS Asset Management Co., Ltd
Native name
이지스자산운용
FormerlyPS Asset Management
Type Private
Industry Private equity real estate
Founded2010;13 years ago (2010)
FounderKim Dai Young
Headquarters Seoul, South Korea
Key people
Lee Kyu Sung (Joseph) (Co-CEO)
Kang Young Goo (Andie) (Co-CEO)
AUM US$47.9 billion (2023)
Number of employees
472
Website www.igisam.com
Footnotes /references
[1] [2] [3] [4]

IGIS Asset Management (also IGIS; short for Integrated Global Investment Solution) is a real estate investment firm headquartered in Seoul, South Korea. IGIS is South Korea's largest real estate asset manager. In 2022, IREI ranked IGIS as the second largest real estate manager in Asia based on assets under management. [5]

Contents

Background

The firm was founded in 2010 as PS Asset Management by Kim Dai Young. [1] [2] In 2012, the firm was rebranded to IGIS Asset Management. [1]

In 2015, Kim stepped down from managing duties of the firm and was succeeded by Cho Kab Joo and Andie Kang who would become Co-CEOs of the firm. [3] [4] Later on Joseph Lee also became an additional Co-CEO of the firm. [2] [4]

In 2018, the firm filed for an initial public offering on the Korea Exchange but the process was stopped after the death of Kim in October. [2] There was a change in ownership of the firm where 45.5% of its shares were transferred to Kim's wife while their son and daughter will inherit none of the shares and would not be involved with management of the firm. [2]

The firm established IGIS Private Equity in 2018. In 2021, it was acquired by Blackrock. [6] [7]

The firm has a venture capital arm named IGIS Investment Partners. [8]

As part of its global expansion, the firm has global branches; IGIS USA in New York, IGIS Asia in Singapore, IGIS Europe in London and Frankfurt. [9]

Properties

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References

  1. 1 2 3 "History". IGIS Asset Management.
  2. 1 2 3 4 5 "IGIS Asset Management in process to seek Korea's first asset fund IPO - Pulse by Maeil Business News Korea". pulsenews.co.kr (in Korean).
  3. 1 2 "EXCLUSIVE: NPS' Kang to join Korea's IGIS | PERE". 17 September 2021. Archived from the original on 2021-09-17.
  4. 1 2 3 "Andie Kang: Out of the public glare | PERE". 1 December 2020. Archived from the original on 2020-12-01.
  5. ↑ "Institutional Real Estate, Inc. – Global Investment Managers 2022" (PDF). October 15, 2022. Archived from the original (PDF) on 2022-10-15. Retrieved 2022-10-30.
  6. ↑ Global, K. E. D. "BlackRock in talks to acquire Korea's ESG-focused IGIS Private Equity". KED Global. Retrieved 2022-10-30.
  7. ↑ "BlackRock Real Assets acquires IGIS Private Equity". koreatimes. 2021-07-15. Retrieved 2022-10-30.
  8. ↑ "IGIS Investment in final stage to buy meat wholesaler OK Meat at $102.5 mn - Pulse by Maeil Business News Korea". pulsenews.co.kr (in Korean). Retrieved 2022-10-30.
  9. ↑ "IGIS Asset Management taps Singapore market". The Korea Herald. Retrieved 2023-11-01.
  10. ↑ Jun, Esther Fung and Kwanwoo. "South Korean Investors Pile Into U.S. Commercial Property Debt". WSJ. Retrieved 2022-10-30.
  11. ↑ Burgos, Jonathan. "Singapore Billionaire Kwek Leng Beng's City Developments To Sell Seoul Hilton For $934 Million". Forbes. Retrieved 2022-10-30.
  12. ↑ Global, K. E. D. "Korean fund to lend $423 mn for Canada's supertall construction". KED Global. Retrieved 2022-10-30.
  13. ↑ "NorthStar Realty Europe Sells Frankfurt's Trianon Tower". Commercial Property Executive. 2018-12-14. Retrieved 2022-10-30.
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