Macquarie plans sixth South Korean fund Fundraising to start in first half of this year with target of raising $823 mil
Translated by Ryu Ho-joung 공개 2022-04-05 08:07:55
이 기사는 2022년 04월 05일 08:06 thebell 에 표출된 기사입니다.
Macquarie Group is preparing to launch its sixth South Korean infrastructure fund as the fifth one has already committed almost all of the fund’s capital, according to industry sources.The new fund, Macquarie Korea Opportunities Fund (MKOF) VI, targets to raise up to 1 trillion won ($823 million), with Macquarie’s fundraising expected to start in the first half and hold a first close by the end of the year.
Its predecessor, MKOF V, closed with commitments of 720 billion won last year, surpassing the initial target of 650 billion won thanks to strong interest from investors including the National Pension Service (NPS), the country’s biggest institutional investor with more than 914 trillion won in assets under management. NPS added Macquarie to its list of top general partners.
The new fund will continue to focus on the energy and infrastructure sectors. Since the launch of its first South Korean fund in 2005, Macquarie has expanded its footprint in the country as an investment specialist for those areas.
MKOF V already committed much of its capital into several deals when it held the final close in the second half of last year. Its investments included a minority stake in LG CNS, S&I Corporation’s facility management business and the country’s biggest hydrogen producer Deokyang.
MKOF III, which closed at 745 billion won in 2014, invested in several waste management companies, including Clenco, Koentec and Saehan Environment. The latter two were sold to a consortium of IS Dongseo and E&F Private Equity at a high price in 2020.
MKOF II, the 2010-vintage fund, also mainly invested in waste management companies and produced an internal rate of return of 14.5%. (Reporting by Byung-keun Kam)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- '재무개선' AJ네트웍스, 조달비용 '확' 낮췄다
- '9년만에 엑시트' 한앤코, 한온시스템 거래구조 살펴보니
- 한국타이어앤테크놀로지, 한온시스템 인수한다
- [수술대 오른 커넥트웨이브]2대주주 지분매입 나선 MBK, 주식교환 카드 꺼냈다
- [이사회 모니터]이재용 에이비프로바이오 대표, 바이오·반도체 신사업 '드라이브'
- 와이투솔루션, 주인 바뀌어도 '신약' 중심엔 美 합작사 '룩사'
- 아이티센, 부산디지털자산거래소 본격 출범
- 아이에스시, AI·데이터센터 수주 증가에 '날개'
- [이사회 모니터]서정학 IBK증권 대표, ESG위원회도 참여 '영향력 확대'
- SW클라우드 '10주년' 폴라리스오피스, “초격차 밸류업”