Commercial real estate marketplace lender Money360 announced its affiliate M360 Advisors has successfully registered with the South Korea Financial Supervisory Service (FSS).
The registration allows South Korean hedge funds, corporations, pension funds, insurance companies and other institutional investors to participate in the fund, which has received more than $65 million from one South Korean institution.
M360 expects to receive more than $250 million in aggregate by July.
“FSS registration opens M360 Advisors to an entirely new country of institutional investors, which will allow us to substantially increase our assets under management,” M360 Advisors CEO Evan Gentry said. “This gives us a considerable competitive advantage that has been heightened significantly with an anticipated $250 million investment in our fund from one of South Korea’s most reputable financial institutions.”
South Korea joins China, Singapore, South Africa, Europe, Canada, the Netherlands, and Kuwait on the list of countries with investors participating with M360 Advisors. South African and Chinese expansions are planned.