Hanwha Asset Management
Asset management arm of the Hanwha Group; new investor in Forterra's $238M Series C (Nov 2025). Distinct from fund:hanwha-aerospace / company:hanwha-aerospace (the Korean defense manufacturer, a separate Hanwha Group entity).
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.
Overview
- Firm
- Hanwha Asset Management
- Headquarters
- Seoul, South Korea
- Founded
- 1988
- AUM
- ~$70.55 billion (as of end-2024)
- Stages
- Thesis
Portfolio companies3
- CompanyForterraMaryland-based autonomous ground-vehicle and mission-autonomy company (formerly Robotic Research), valued above $1B after a $238M Series C.
- CompanyRadiant IndustriesPortable microreactor (Kaleidos) developer for defense installations and data centers.
- CompanyPerformance Drone WorksModular military drone manufacturer (PDW), spun out of the Drone Racing League.
Partners0
No linked records yet.
Frequently asked
- 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.
Tags
Sources & citations3
3 sources behind every claim
Every data point on this record is backed by a cited public source. Request Pro access to see them and verify each claim yourself.