MBK Partners holds initial closing for MBK Partners Fund V

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By Ted Liu

MBK Partners has held an initial for its fifth fund, MBK Partners Fund V, with a reported target of US $6 billion. MBK Partners launched fundraising in early this month and expects to hold a final close in the second half of 2020.

Canadian investors including Canada Pension Plan Investment Board (CPPIB), British Columbia Investment Management Corporation (BCI), Public Sector Pension Investment Board (PSP Investments) committed US $[mepr-active rule=”374″ ifallowed=”hide”]#Premium Subscribers ONLY Content – research and intelligence – know others don’t, be informed.#[/mepr-active][mepr-active rule=”374″]1.350[/mepr-active] billion to the new fund. CPPIB, BCI and PSP Investments are also limited partners (LPs) in the previous funds.

Osler, Hoskin & Harcourt LLP acted as Canadian legal counsel to MBK Partners.

MBK Partners has previously raised US $4.75 billion (Fund IV, 2016), US $2.7 billion (Fund III, 2013), US $1.5 billion (Fund II, 2009) and US $1.56 billion (Fund I, 2005).

With offices in Beijing, Shanghai, Hong Kong, and Tokyo, Seoul, Korea based MBK Partners is a leading private equity firm with a dedicated geographic focus on North Asia including Korea, Japan and Greater China.

photo credit: MBK Partners