Morgan Stanley PE’s Scott Hahn to raise $500m for Korean fund
Scott Hahn, a former CIO and Managing Director for Morgan Stanley Private Equity Asia (MSPE Asia), is reportedly raising $500 million for a new fund that will solely focus on South Korean investments.
Hahn’s plans to launch his own maiden found first emerged in December of last year, confirmed when Hahn filed documentation to the SEC underlining his intention to raise $650 million. At the time, Hahn’s new private equity vehicle was said to have received $250 million worth of commitments from Singaporean sovereign wealth fund Temasek Holdings, although the SWF declined comment on its participation. Source closed to the Hahn told AVCJ that the fundraise was prompted by Hahn’s own desire for independence, noting that he had devoted nearly 16 years at the investment bank and had successfully raised $1.5 billion for MSPE Asia in 2007, which he viewed as an accomplishment.
More on Fundraising
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.