MBK closes third North Asia buyout fund at $2.7b hard cap
MBK Partners has closed its third fund at the hard cap of $2.7 billion after just over one year in the market. The North Asia-focused GP, which was founded by Michael B. Kim, former president of Carlyle Asia Partners, set an initial target of around $2.25 billion for the fund.
MBK Partners III reached a first close of $1.25 billion last November, buoyed by re-ups from the likes of Ontario Teachers' Pension Plan and Canada Pension Plan Investment Board. Other significant LPs...
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