PRIVATE EQUITY | Cesar Tordesillas, China

Korean investments pursued for Mongolian private equity fund

Doran Capital Partners and Eurasia Capital are courting Korean institutional investors for a private equity fund focused on Mongolia.

Doran will serve as the Seoul office of Eurasia Capital that will launch the $100 million fund Korea Mongolia Resources Fund. The company will also manage the fund in partnership with Silk Road Management, a firm based in the Mongolian capital of Ulaanbaatar.

Eurasia Capital is to act as placement agent for the fund.

Mongolia’s economy is forecast to expand by eight per cent this year, according to the IMF, and has strong untapped mining reserves, which may be of interest to Korean investors and resource companies.

“Mongolia represents a unique investment opportunity for South Korean investors due to strong political support, favourable economic environment and attractive investment projects,” said Eurasia Capital chairman and Silk Road managing partner Alisha Ali.

Silk Road Management recently closed the first ever Mongolia-focused private equity and venture capital fund on $30m, exceeding its $25m target. The bulk of commitments came from family offices and high net work individuals in Asia, the Middle East, Kazakhstan and Russia.


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