MBK closes Asia's 3rd biggest buyout fund at $6.5 bn

MBK Partners held the final close of its fifth buyout fund at $6.5 billion on May 20, which marked the third-biggest fundraising for an Asia-focused p...

MBK Partners sees 2nd special situations fund launch in H2

North Asia-focused private equity firm MBK Partners is looking to launch its second special situations fund in the second half of this year to capital...

Singapore’s Vickers Venture tapping Korean institutions for $500 mn fund

Vickers Venture Partners, a Singapore-based venture capital firm, is tapping South Korean institutional investors in the second round of fundraising t...

US hedge fund calls on Korean Air to sell baggage handling unit

A US hedge fund with a stake in Korea Airport Service Co. Ltd. (KAS), a majority owned by Korean Air Lines Co. Ltd., is calling on the carrier to sell...

Bain Capital to invest $123 mn in South Korean online education startup

ST Unitas, known for English test and civil service exam preparation classes in South Korea, will receive around 150 billion won ($123 million) in inv...

NPS restarts alternative investment with Portugal and Manhattan deals

The National Pension Service has invested at least one billion dollars in aggregate in a Portuguese toll road operator and a property redevelopment pr...

[RFP] Korea Post seeks PE secondary funds for $200 mn mandate

Korea Post’s insurance arm plans to select two global private equity funds to invest up to $200 million in private equity secondary markets in 2...

Sovereign wealth funds to boost post-Covid-19 cooperation: KIC

Chief executives of sovereign wealth funds, including China Investment Corp. and Singapore’s GIC, and leading financial institutions have discus...

IMM enters China’s infrastructure market with $40 mn investment

IMM Investment Corp. has acquired a minority stake in China’s private water supplier for $40 million, in the first investment by a South Korean ...

Canada and Dutch pension funds to launch $1 bn Korean logistics JV with ESR

Canada Pension Plan Investment Board (CPP Investments), the Netherlands’ APG and China’s logistics property developer ESR have agreed to s...

Mirae Asset leads $23 mn funding for Indian food delivery startup

Mirae Asset Daewoo Co. Ltd. has led a $23 million investment in Indian food delivery platform Swiggy by South Korean companies in their first investme...

Outbound real estate funds hit by first capital outflow in over 4 years

South Korea’s real estate funds for outbound investment saw their first net capital outflows in four and a half years in March, hit by delays in...

Sequoia, Hillhouse and DST invest $150 mn in Korean grocery startup

Sequoia Capital, Hillhouse Capital and DST Global have invested a combined $150 million in South Korea’s online grocery delivery startup Kurly I...

NPS makes first single-manager hedge fund investment with $810 mn

The National Pension Service committed about 1 trillion won ($810 million) to four global hedge fund houses in 2019, in its first investment in single...

BlackRock dropped from NPS’ property investment manager pool

BlackRock, the world’s largest asset manager, has been excluded from the National Pension Service’s 49-strong group of global real estate ...

Korean LPs receive massive capital calls from global funds

Pension schemes and savings funds in South Korea are busy responding to a flood of capital calls simultaneously from foreign investment firms which ar...

Pension funds eye bargains in equities and bonds; alternatives on hold

A number of South Korean pension funds are looking to hunt for bargains in the battered equity and bond markets, while postponing investment in infras...

POBA to commit $120 mn to US housing development fund

The Public Officials Benefit Association (POBA) will commit $120 million to a US single-family housing development fund worth about 750 billion won ($...

Korean funds hold off new midstream project investments

Pension funds, insurance companies and asset managers in South Korea have indefinitely halted new investments in North America’s midstream asset...

Anchor Equity Partners invests $170 mn in Korean entertainment firm

Anchor Equity Partners has invested 209.8 billion won ($170 million) in South Korea’s content and entertainment company Kakao M Corp., just afte...

Mirae Asset invests $150 mn in US meat substitutes maker

Mirae Asset Global Investments Co. Ltd. has signed a share purchase agreement to invest $150 million in Impossible Foods Inc., a meat substitutes prod...

Mirae Asset to sell up to $600 mn global debt for investment

Mirae Asset Daewoo Co. Ltd. plans to issue a global bond worth $500 million to $600 million as early as April for the third year of offshore debt sale...

NPS’ investment return at all-time high in 2019; alternatives lag

The National Pension Service (NPS) achieved its strongest investment return of 11.31% in 2019, led by hefty gains from equities and overseas fixed-inc...

NH Investment, KB Asset buy Dallas building for $370 mn

NH Investment & Securities Co. Ltd. and KB Asset Management Co. Ltd. have acquired an office building in Dallas for $370 million, which represente...

Construction workers’ fund names ex-Hanwha General investment head as CIO

The Construction Workers Mutual Aid Association (CWMA) has appointed Wihwan Lee, a former investment head of Hanwha General Insurance CO. Ltd., as chi...

Korean startups raking in big investment money

Biotech startup Bionetix easily surpassed what's known as the "10 billion won hurdle" by raising an additional 10 billion won in funding on Dec. 23. I...

NPS' 2019 investment return at 10-yr high on equities, fixed incomes

The National Pension Service (NPS) reported a preliminary 11% return on investments in 2019, its best annual result in a decade, supported by double-d...

Meritz Securites funds KKR’s German media group acquisition

Meritz Securities Co. Ltd. has provided 200 million euros ($218 million) in a senior loan to fund KKR & Co.’s $3.4 billion purchase in 2019 ...

CalSTRS, POBA to form $312.5 mn JV for US multifamily investment: report

California State Teachers’ Retirement System (CalSTRS) and Public Officials Benefit Association (POBA) will set up a $312.5 million joint ventur...

KIC to boost startup investment with new San Francisco office

Korea Investment Corporation will open a San Francisco office within the year to improve its deal sourcing capability for technology startups and othe...