Billionaire Michael Kim Closed His $6.5 Billion Fund Amid The Pandemic—He’s Now Ready To Pounce On Deals [Forbes]
The Carlyle Group Inc. (CG)
Last the carlyle group inc. earnings: 4/30 06:40 am
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Source: Forbes
Michael Kim, founder of MBK Partners.Jamel Toppin for Forbes AsiaThis story is part of Forbes' coverage of Korea’s Richest 2020. See the full listhere.When Korean private equity mavenBut in crisis lies opportunity. When much of the world was still under lockdown, Kim closed MBK’s fifth and largest fund in May—raising $6.5 billion in just six months. Secured amid an environment that has upended the global economy, the fund is Asia’s largest to close thus far this year.Most Popular In:Kanye West, West Virginia’s Governor Jim Justice And 14 Other ’ es Got PPP LoansWith this accomplishment, Kim bucked the trend in fundraising for Asia-based private equity firms, which is down two consecutive years, according to McKinsey. The pandemic, ironically, helped Kim reach part of his original target. Investors bought into his thesis that pandemic-linked economic distress would create new opportunities. “We are now sitting on the largest pile of deployable dollars [of any Asia- based buyout fund] j
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CG
Earnings
- 2/8/24 - Miss
CG
Sec Filings
- 4/18/24 - Form ARS
- 4/18/24 - Form DEF
- 4/18/24 - Form DEFA14A
- CG's page on the SEC website