STIC Investments Chosen as National Growth Fund Round 2 GP for Indirect Investments
STIC Investments has been named a second-round GP for the National Growth Fund’s indirect investment track. The fund links policy finance with private capital to support Korean innovation and growth-stage companies. The selection may affect private equity competition and capital flows into unlisted growth firms. For ETF investors, the signal is indirect and

STIC Investments was selected on July 13, 2026 as a second-round general partner (GP) for the National Growth Fund’s indirect investment track. The mandate places the firm inside a policy-backed growth capital platform designed to connect public finance with private managers and Korean growth companies.
Fund Structure
STIC’s role is not simple capital distribution. As GP, it will form sub-funds, screen investments, execute deals and manage exits. The key data points are July 13, 2026, second-round selection, indirect investment track and GP mandate. Capital moves through a three-step route: parent fund, selected GP and portfolio companies.
Market Impact
The selection can expand won-denominated growth capital for Korean scale-ups, strategic industries and firms preparing for later-stage financing. The ETF impact is indirect rather than immediate. If capital reaches semiconductors, biotech, AI, energy transition and advanced materials supply chains, related thematic and active ETFs may see a changing investable universe. The GP selection itself does not guarantee returns in any listed security.
Key points
- STIC Investments has been named a second-round GP for the National Growth Fund’s indirect investment track. The fund links policy finance with private capital to support Korean innovation and growth-stage companies. The selection may affect private equity competition and capital flows into unlisted growth firms. For ETF investors, the signal is indirect and
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FAQ
What was STIC Investments selected for?
STIC Investments was selected on July 13, 2026 as a second-round GP for the National Growth Fund’s indirect investment track.
What does the round 2 GP selection mean?
It expands a structure in which policy-backed capital is invested through professional private managers into growth companies.
Is there a direct impact on ETFs?
No direct ETF inclusion event follows from the selection. The effect is indirect through Korean growth sectors, supply chains and future listing candidates.
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