Kim Byung-joo, MBK Chairman, "Now Is the Time to Invest"
[Asia Economy Reporter Hwang Jun-ho] Kim Byung-joo, chairman of MBK Partners, a private equity fund (PEF) management company, has announced an active investment policy.
According to the financial investment industry on the 27th, Chairman Kim stated in his recent annual letter to institutional investors, "MBK Partners views the investment environment and our situation more optimistically than before," adding, "Since COVID-19, the world has faced uncertainty, inflation is rising in many parts of the globe, and China's government's 'regulatory reset' to promote 'common prosperity' has entered an unknown political-economic domain." However, he said, "Our faith lies in the market," sharing "our years of experience that upheaval brings opportunities."
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According to the letter, last year MBK Partners executed a total of 13 investments worth 4 billion dollars (approximately 4.9 trillion won) across Korea, China, and Japan. Through partial recoveries from investments such as BHC, the amount distributed to investors last year was about 5.3 billion dollars (approximately 6.5 trillion won). MBK Partners' assets under management (AUM) have increased to over 25.6 billion dollars (approximately 31 trillion won).
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