Korea’s Top PE Firm Raises $3.4 Billion, Beating Asia Rivals

Hahn & Co., a South Korea buyout firm founded by an ex-Morgan Stanley banker, raised $3.4 billion to close what is the biggest fund in Asia targeting one country this year, a person familiar with the matter said.

Founded by Scott Sang-Won Hahn, the fundraising includes a $140 million co-investment, the person said, asking not to be identified before a closing announcement later this week. Investors from Asia contributed 35% of the fund, US and Canada investors 30% and those from the Middle East 20%.

The fund exceeded the $2.8 billion raised by Carlyle Group earlier this year for ...