Altius Associates formalized a strategic business alliance to distribute funds through Castling Investment Group in South Korea, an Altius spokesman said.
Altius, a global private equity advisory and funds-of-funds firm, signed a memorandum of understanding with Castling, a domestic private equity advisory firm in South Korea. Altius has $24 billion in private equity and real assets under advisement and management. Castling has advised on more than $2 billion in private equity and real assets.
Castling will co-market and distribute selected private equity, real assets and infrastructure fund offerings to South Korean investors, according to a news release by Altius.
“Korean institutional investors appreciate a foreign brand name, but they also want local client servicing from experienced, senior-level professionals who are there to help them with all facets of their investment program and portfolio development, including post-investment monitoring and reporting services,” said Steve J. Kim, partner and chief investment officer of Castling Investment Group, in the news release.