Altius teams up with Castling
Fund-of-funds Altius Associates has forged an alliance with South Korean private equity adviser Castling Investment Group to facilitate South Korean LPs' access to European and US funds.
The pair has signed a memorandum of understanding, which will enable Castling to co-market and jointly distribute private equity, real estate and infrastructure funds to the institutional investor community in South Korea.
According to Eric Warner, investor relations at Altius, the partnership was made against a backdrop of South Korean LPs looking to expand their investment horizons to Europe and the US. Furthermore, the alliance fits in with Altius's aim of increasing its presence in Asia, following the appointment of Peter Pfister from Deutsche Bank as partner and head of Asia-Pacific.
Castling is an advisory boutique focused on providing investment programmes to institutional investors. This includes developing investment policies, screening investment opportunities, carrying out due diligence on managers and monitoring and reporting on investment performance.
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