Fund establishment

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Dechert and Maples Group advised SK Inc on the launch of its joint new mobility fund

Dechert and Maples Group advised SK Inc, the holding company of South Korea’s third-largest conglomerate, SK Group, on the launch of its joint new mobility fund with China’s automobile manufacturer, Geely Holding Group.

The fund was seeded with a combined investment of USD60 million from both parties, and is expected to raise USD300 million in aggregate commitments to make investments mainly in companies with technology in connected, autonomous, shared and electric vehicle businesses.