New Deal Fund’s bank also sold out… IBK seems to be exhausted

[이데일리 이승현 기자] In fact, the National Participation Policy New Deal Fund, which is gaining popularity due to its principal guarantee, etc., is expected to be sold out at 7 selling banks soon.

According to the financial sector on the 4th, the public participation New Deal Fund allocated to the five major commercial banks such as KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup and KDB Industrial Bank were all sold on the 1st. Currently, IBK Industrial Bank is the place where the allocated amount remains. When sales resume at branch offices on the 5th, it is expected that the limit will be exhausted. IBK has sold 19.8 billion won out of 22 billion won allotted until the 2nd, leaving about 2.2 billion won.

The amount allocated by bank is Kookmin Bank 22.6 billion won, Industrial Bank 22 billion won, Hana Bank 15.5 billion won, NH Nonghyup Bank 15 billion won, Shinhan Bank 11 billion won, Woori Bank 7 billion won, Korea Development Bank 1 billion won.

The National Participation New Deal Fund is a structure that invests in a private equity fund (private equity fund) that mainly invests in equity or mezzanine securities in listed and unlisted companies related to the New Deal sector. It was created with a scale of 200 billion won.

In addition to general investor funds, the government invests 40 billion won (20% of the total) in policy funds, and 3 billion won (1.5%) in the asset management company. In a way that funds from the government and managers are invested as subordinate investors, general investors, who are senior investors, can receive losses of up to 21.5% after the expiration of 4 years. This is why it is evaluated as a de facto principal guarantee by ordinary investors.

If the profit exceeds 20%, the excess profit is divided into a 4 to 6 ratio between the general investor and the subordinate investor.

Deputy Prime Minister Hong Nam-ki and Democratic Party Policy Committee Chairman Hong Ik-pyo visited the New Deal Fund sales counter of Yeouido Industrial Bank in Seoul on the 1st to encourage fund sales staff. (Photo = Yonhap News)

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