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IGIS Asset Management

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IGIS Asset Management Co., Ltd
Native name
이지스자산운용
FormerlyPS Asset Management
Company typePrivate
IndustryPrivate equity real estate
Founded2010; 14 years ago (2010)
FounderKim Dai Young
HeadquartersSeoul, South Korea
Key people
Lee Kyu Sung (Joseph) (Co-CEO)
Kang Young Goo (Andie) (Co-CEO)
AUMUS$45.6 billion (2022)
Number of employees
189
Websitewww.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. In 2022, IREI ranked IGIS as the second largest real estate manager in Asia based on assets under management.[5]

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]

Properties

References

  1. ^ a b c "History". IGIS Asset Management.
  2. ^ a b c d e "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. ^ a b "EXCLUSIVE: NPS' Kang to join Korea's IGIS | PERE". 17 September 2021. Archived from the original on 2021-09-17.
  4. ^ a b c "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. ^ Jun, Esther Fung and Kwanwoo. "South Korean Investors Pile Into U.S. Commercial Property Debt". WSJ. Retrieved 2022-10-30.
  10. ^ Burgos, Jonathan. "Singapore Billionaire Kwek Leng Beng's City Developments To Sell Seoul Hilton For $934 Million". Forbes. Retrieved 2022-10-30.
  11. ^ Global, K. E. D. "Korean fund to lend $423 mn for Canada's supertall construction". KED Global. Retrieved 2022-10-30.
  12. ^ "NorthStar Realty Europe Sells Frankfurt's Trianon Tower". Commercial Property Executive. 2018-12-14. Retrieved 2022-10-30.
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