Milestone Asset Management

What Milestone Asset Management does

Milestone Asset Management Co., Ltd. is a Seoul-headquartered, privately held asset management firm founded on 22 May 2017 that operates licensed investment products across two verticals: real estate and hedge funds / multi-assets. The firm manages KRW 911.1 billion (approximately USD 650 million) in assets under management as of March 2026, split between KRW 657.7 billion in real estate and KRW 253.4 billion in hedge fund and multi-asset strategies, serving institutional investors and high-net-worth individuals in Korea and select international markets. The real estate book is allocated 31% Korea, 43.70% US, 10.79% Europe, and 14.51% Asia, reflecting a deliberate cross-border diversification across Core, Core-plus, Value-add, and Opportunistic strategies.

The real estate vertical is delivered through private REITs offering equity, mezzanine, and loan participation across direct property ownership, renovation projects, and fund-of-funds vehicles. Named positions include the L7 Hotel Myeong-Dong (Seoul, with Hotel Lotte as tenant/operator), Harborside 1,2,3 in Jersey City, the Canal Station renovation in Chicago, and an India fund accessed via Edelweiss covering Mumbai and Delhi residential. The hedge fund / multi-asset vertical encompasses a broad set of vehicles: IPO selection (Kairos and the IPO Selection Series), venture-focused funds targeting KOSDAQ and KONEX markets, yield strategies (Spring, Yieldbase Alpha), the multi-asset Gemini product, the Taurus yield-plus-IPO hybrid, and the closed Milestone-V1 private equity fund (PEF) which closed at KRW 4.8 billion in November 2019, plus the Milestone Leo PEF vehicle. The technology stack is conventional investment management infrastructure with no proprietary AI, models, or platforms disclosed in the input.

The firm generates revenue through recurring asset management fees and performance fees on licensed fund structures distributed directly to qualified investors through its own organization; pricing is not publicly disclosed. It holds stacked Korean regulatory registrations — general private collective investment business (August 2017), foreign exchange business (December 2017), and investment advisory business (April 2018) — plus subsidiary and concurrent business reports filed in 2019 and 2023. With only 15 employees, of whom 10 are investment professionals, the firm operates at modest scale relative to large Korean asset managers and is supported by an owner's capital base of KRW 9.8 billion and paid-in capital of KRW 3.1 billion as of March 2026. Distribution is direct to qualified investors with no marketing channel beyond mandatory DART disclosures and industry networking; CEO Hyukdo Kee, who previously led the AI business at Hanwha Asset Management and an alternatives team at the Government Employees Pension Service, leads an investment bench drawn from PIA Asset Management, NH Investment & Securities, Korea Investment Management, Savills Korea, Samsung C&T, and other Korean financial institutions.

Name

Milestone Asset Management

Legal name

Milestone Asset Management Co., Ltd.

Website

https://milestoneam.co.kr

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Milestone Asset Management Co., Ltd. is a Seoul-based, privately held Korean asset manager founded in 2017, operating licensed private real estate investment trusts and hedge fund vehicles across Korea, the US, Europe, and Asia with KRW 911.1 billion in AUM as of March 2026.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Investment Trusts (6798), Investment Advice (6282)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Asset management services
• Real estate investment trusts
• Hedge fund management
• Alternative investments
• Private equity funds

Headquarters

HQ city

Samseong

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Asset Management Fees: Revenue generated from managing real estate and hedge fund investment products. The company operates private real estate investment trusts, hedge funds, and alternative investment products with management fees and performance fees as primary revenue streams.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Milestone Asset Management is a South Korean licensed asset management firm that manages two core product lines: private real estate investment trusts (offering equity, mezzanine loan, and loan investments across Korea, USA, Europe, and Asia) and multi-strategy hedge funds (including IPO selection, venture, yield, and high-yield products). The firm operates a vertically integrated model that sources, underwrites, acquires, develops, manages, and operates commercial real estate within growth markets in the Republic of Korea.

Product overview

Milestone Asset Management is a South Korean asset management firm offering two core product lines: (1) Real Estate Investment Trusts covering equity, mezzanine loans, and loan investments across Korea, USA, Europe, and Asia, including named products like L7 Hotel Myeong-Dong, Harbor East, Central, and India RE Fund; and (2) Hedge Fund & Multi Assets including IPO Selection funds, Venture funds, Yield funds, and High Yield products. The company operates a vertically integrated model sourcing, underwriting, acquiring, developing, and managing commercial real estate within Korean growth markets. Total AUM is KRW 911.1 billion as of March 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Investment Trusts Private real estate investment trust products offering equity, mezzanine loan, and loan investments across properties in Korea, USA, Europe, and Asia. Investment types include direct property ownership, renovation projects, and fund of funds structures targeting qualified institutional and high net worth investors.
• Hedge Fund and Multi Asset Products Multi-strategy hedge fund products including IPO selection funds, venture funds, yield funds, and high-yield products targeting steady income and absolute returns for institutional and high net worth investors.

Quantifiable outcome

• AUM of KRW 911.1 billion as of March 2026

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• NH Investment & Securities: Large Korean securities and asset management firm with a real assets investment division. Milestone's MD for RE Investment 1 previously represented its investment division, indicating product and talent overlap.
• Samsung Asset Management: Major Korean asset manager with multi-strategy alternatives and real estate products. Competes with Milestone for Korean institutional mandates, though at substantially greater scale and brand strength.
• Korea Investment Management: Major Korean asset manager with active real estate investment trusts and alternative investment products. Several Milestone directors previously worked in real asset management there, and it operates similar REIT products at materially larger AUM.
• Hanwha Asset Management: One of Korea's largest asset managers with broad REIT, equity, and alternative strategies. Milestone's CEO previously led the AI business division there, making it a direct talent and product comparator operating at much greater scale.

Direct peers

• Timefolio Asset Management: Korean boutique asset manager specializing in alternative strategies including hedge funds and real estate-adjacent products. Closest direct peer by scale and product mix, though with a different strategy emphasis.
• IGIS Asset Management: Korea-focused alternative asset manager with a strong private REIT and real estate fund platform. Directly comparable to Milestone's real estate investment trust business and value-add/opportunistic strategy positioning.
• Kiwoom Asset Management: Korean asset manager offering alternative and real estate strategies, including hedge fund and private fund products. Comparable mid-sized peer competing for similar HNW and institutional investor mandates.
• JR Asset Management: Korean asset management firm focused on real estate funds and alternative investments. A close mid-market peer to Milestone in terms of AUM scale, product mix, and target investor base.
• Koramco Asset Management: Korean asset manager specializing in private REITs and real estate funds. Operates a similar vertically oriented real estate platform and competes with Milestone for Korean institutional real estate capital.

Others

• Savills Korea: Global real estate advisor with a Korea practice that has hired from and overlapped with Milestone's real estate talent. Adjacent ecosystem participant rather than direct competitor, but a useful comparator for Korea real estate deal-making benchmarks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Milestone Asset Management