- The Joint Venture will serve to boost global investment and economic development by synergistically combining both parties’ key capacities in the market.
- Both entities aim to leverage their respective strengths to advance LB Investment’s initiatives.
- Established in 1996, LB Investment has consistently been recognized as one of Korea’s premier fund managers.
AIM Global Foundation, an independent international organization dedicated to empowering investments across the world, and Korea-based LB Investment, which has $1 billion Assets Under Management (AUM), have announced the set-up of a Joint Venture, along with a landmark Memorandum of Understanding (MOU) at the ongoing AIM Congress 2024 in Abu Dhabi.
The Joint Venture will serve to boost global investment and economic development by synergistically combining both parties’ key capacities in the market.
The MOU marks a critical moment in global investment cooperation. Both entities aim to leverage their respective strengths to advance LB Investment’s initiatives through the platform provided by AIM Global Foundation.
LB Investment has $1 billion worth of Assets Under Management
LB Investment, an international venture capital firm with a legacy of fostering innovation and entrepreneurship, boasts an impressive track record in managing assets, with $1 billion worth of Assets Under Management (AUM) as of 2023.
Established in 1996, LB Investment has consistently been recognized as one of Korea’s premier fund managers, earning accolades such as the A+ grade from the Small and Medium Business Administration (SMBA).
With a commitment to excellence and a vision to emerge as Asia’s Leading Investment Firm, LB Investment has expanded its footprint globally, with a notable presence in Shanghai since 2007.
At the 2024 AIM Congress in Abu Dhabi from May 7-9, 2024, LB Investment is showcasing a diverse portfolio of startups and companies, Standard Energy (Battery energy), t’order (Food tech), Fitpet (Pet healthcareP, Lablup (AI), Bluezonwide (Cosmetics), NotaAI (AI), ABYSS Company (K-popcontents), and LivsMed (Medical device), representing cutting-edge innovation and disruptive solutions across various industries.
The firm’s dedication to fostering growth and driving economic transformation underscores its pivotal role as a global investment leader, shaping the future of entrepreneurship and innovation on a global scale.
“A closer cooperation between AIM Global Foundation and LB Investment marks a significant step towards the enhancement of investment promotion strategies and the facilitation of opportunities for productivity and expansion,” stated Dawood Al Shezawi, President of AIM Global Foundation.
The agreement emphasizes mutual commitment toward promoting the development of investment promotion agencies in the region and acknowledges the compatibility of their goals.
“This partnership underscores LB Investment’s dedication to exploring new avenues for growth and collaboration on a global scale,” said Mr Kiho Park, CEO/President of Korea’s LB Investment.
“We are confident that this collaboration will yield fruitful outcomes for both parties involved.”
Read also: LB Investment brings $1.2 trillion portfolio display to AIM Congress spotlight
LB Investment, AIM Global Foundation to participate in joint ventures
Both parties have committed to promoting each other’s initiatives through various channels, and actively engaging their respective networks to participate in joint activities.
“As we embark on this journey of collaboration, our shared vision is to establish a global community where challenges are addressed collaboratively and inclusively,” affirmed Dawood Al Shezawi, President of AIM Global Foundation.
The partnership between AIM Global Foundation and LB Investment sets the stage for a new era of collaboration in the global investment landscape, with a focus on fostering innovation, integration, and strategic investment to drive positive social, environmental, and economic impacts on a global scale.
AIM Global Foundation serves as a partner in building a brighter investment future and nurturing lasting foundations on a global scale, promoting growth and prosperity that positively impact social, environmental, and economic challenges.
