Hanwha Asset Management

Firm

Hanwha Asset Management

Headquarters

Seoul, South Korea

Founded

1988

AUM

~$70.55 billion (as of end-2024)

Stages

Thesis

• CompanyForterraMaryland-based autonomous ground-vehicle and mission-autonomy company (formerly Robotic Research), valued above $1B after a $238M Series C.

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What is Hanwha Asset Management?

Hanwha Asset Management is the asset-management arm of the Hanwha Group, a South Korean conglomerate, headquartered in Seoul. Founded in 1988, it manages roughly $70B in AUM across public equities, fixed income, ETFs, real estate, infrastructure, and private equity/venture capital, with subsidiaries in the US and Singapore. It is an institutional asset manager, not a defense-focused investor; its exposure to defense tech is incidental, via participation as a new investor in Forterra's $238M Series C (announced Nov 2025). It is a separate Hanwha Group entity from Hanwha Aerospace / Hanwha Defense, the conglomerate's actual defense manufacturer.

How much does Hanwha Asset Management manage?

Hanwha Asset Management manages ~$70.55 billion (as of end-2024) in assets, and was founded in 1988.

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