Since its inception in 2005, VIG Partners has been leading the development of private equity industry in Korea, focusing on mid-market buyouts. After witnessing a number of attractive investment opportunities that can’t be captured through buyout strategy, VIG Partners is expanding its strategy into credit with the same mission it set 16 years ago: to spearhead the development of private credit industry in Korea.
VIG Alternative Credit (“VAC”) is alternative credit investing platform that combines VIG Partners’ extensive network and VAC team’s deal expertise. By leveraging the network and infrastructure of VIG Partners and sourcing and underwriting expertise of VAC team, VAC provides unique investment opportunities to its investors and customized capital solutions to its investees.
“VIG Alternative Credit is
alternative credit investing platform within VIG Partners,
the leading private equity firm in Korea.”
VAC focuses on opportunistic credit strategy to generate mid- to high-teen return with solid downside protection by providing bespoke capital solutions under complex situations and/or structure. VAC seeks to generate the best risk-adjusted return throughout economic cycle with ability to invest across asset class, sector and capital structure.
VAC brings the best-in-class team to carry out the strategy with the highest execution standards. VAC operates under 6 investing principles: (i) capital preservation, (ii) bespoke structure, (iii) flexible orientation, (iv) solutions-oriented, (v) equity-like underwriting and (vi) rigorous risk management.
"VIG Alternative Credit seeks the best risk-adjusted
return out of broad sets of investment opportunities where
VAC can provide bespoke capital solutions
under complex situations"
Younghwan Han
Hongkyun Hwang
Hamin Jung
Seungick Chang
Younghwan Han is a Partner and Head of VIG Alternative Credit.
Prior to re-joining VIG Partners and founding VAC in 2021, Mr. Han spent a decade at Goldman Sachs Asian Special Situations Group (“ASSG”), focusing on special situations and other opportunistic credit investing in Korea. During his tenure at ASSG, Mr. Han deployed more than $1.2bn capital and generated more than $700mm profit without any case of principal loss. Prior to ASSG, Mr. Han began his investing career at VIG Partners as an Associate and prior to that, he worked as an Associate Consultant at Bain & Company.
Mr. Han earned an MBA from Columbia Business School and holds a BBA from Seoul National University.
Hongkyun Hwang is a Principal at VIG Alternative Credit (“VAC”).
Prior to joining VIG Partners in 2022, Mr. Hwang spent 7 years at Goldman Sachs Asian Special Situations Group (“ASSG”), focusing on special situations and other opportunistic credit investing in Korea. During his tenure at ASSG, Mr. Hwang deployed more than $800mm and generated more than $600mm profit without any case of principal loss. Prior to ASSG, Mr. Hwang spent two years at Goldman Sachs Investment Banking Division in Korea.
Mr. Hwang earned a BBA from Seoul National University.
Seungick Chang is an Analyst at VIG Alternative Credit (“VAC”). Mr. Chang joined VAC in 2022.
Mr. Chang earned a B.S. in Real Estate from New York University Schack Institute of Real Estate.
Hamin Jung is an Associate at VIG Alternative Credit (“VAC”).
Prior to joining VIG Partners in 2023, Mr. Jung worked as an Associate at Citigroup Investment Banking Division, where he was responsible for M&A and capital markets transactions.
Mr. Jung earned a BBA from Seoul National University.
