Ho Shik Kim joins Darby Hana board of directors to oversee renewable energy fund

18 August 2009

Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has welcomed Ho Shik Kim onto its board of directors of Darby Hana Infrastructure Fund Management Company, the management company for the Korea Emerging Infrastructure Fund.

Kim will join five existing board members to oversee corporate and investment practices of the fund.

Korea Emerging Infrastructure Fund is jointly managed by Darby and Hana Financial Group. It closed to new investors in 2006 at a total of KRW580bn ($610m) in committed capital. KEIFmakes private equity investments in, and extends mezzanine loans to, private companies engaged in a broad range of activities in the Korean infrastructure sector, including renewables, transportation, environment, logistics, energy and utilities.

Most recently, Kim served a three-year term as president and CEO of the National Pension Service in Korea. Previously he served as Minister of maritime affairs and fisheries, and Minister of the Office for government policy coordination in the Office of Prime Minister.

David Hudson, Darby’s senior managing director and chairman of the Darby Hana board, said, ‘Mr Kim’s highly respected and broad experience in Korea will be very valuable to Darby Hana as we accelerate the pace of investment by KEIF and explore further initiatives in Korea. Along with our Korean partner, Hana Financial Group, we are pleased to be working closely with Mr Kim.’

To date, the fund has invested KRW279bn ($294m) of its committed capital in seven companies, including the recent acquisition of the largest equity holding in the largest wind farm in South Korea.

Copyright © 2009 NewNet

Tags: energy efficiency, wind

This story was published on Tuesday, August 18th, 2009 at 5:34 pm and is filed under Asia, companies, energy efficiency, wind. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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