[THE INVESTOR] MBK Partners, Asia’s largest private equity fund based in South Korea, said on Dec. 6 it has completed its fourth funding campaign worth US$4.1 billion.
The firm said it has attracted funding from some 50 pension funds and financial organizations from around the world, mostly in Korea, China and Japan.
MBK Partners founder Kim Byung-ju |
Its current investors such as Singapore’s sovereign wealth fund GIC and Canada Pension Plan Investment Board are said to have participated in the fresh funding campaign.
MBK Partners, established in 2005, now manages US$15 billion in capital, almost doubling the US$8 billion fund run by Hong Kong-based Affinity Equity Partners.
By Lee Ji-yoon (jylee@heraldcorp.com)