Ramin Sang, CEO of Praxis Capital, Appointed as Chairman of the 7th PEF Operators Council

Praxis Capital Partners (hereinafter Praxis Capital) will serve as the 7th chairman company of the PEF Operators Council, representing private equity fund (PEF) operators.

The PEF Operators Council is expected to act as a channel to convey concerns that the government's proposed amendments to the Capital Markets Act may shrink the private equity fund market.

According to the investment banking (IB) industry on the 25th, Praxis Capital was appointed as the chairman company of the PEF Operators Council following JKL Partners. Ramin Sang, CEO of Praxis Capital, was elected as the 7th chairman. The term is one year.

The PEF Operators Council, established in 2013, serves as an official channel for discussions aimed at the development of the private equity fund industry.

At its inception, Lee Jae-woo, CEO of Bogofund (currently VIG Partners), served as the first chairman, followed by Kim Kwang-il, CEO of MBK Partners; Kwak Dae-hwan, CEO of Stick Investment; Kim Young-ho, CEO of IMM Private Equity; Kim Soo-min, CEO of Unison Capital Korea; and Kang Min-gyun, CEO of JKL Partners.

After Praxis Capital, H&Q Korea (vice-chairman company) is scheduled to take over as chairman company next year.

In his inaugural speech, Chairman Ramin Sang stated, “Next year marks the 20th anniversary since the PEF industry was born in Korea with the amendment of the Capital Markets Act in 2004, a meaningful year. We will actively work to ensure that the Council’s position is reflected in major policy-making and various legal amendments to promote the development of the PEF industry and protect the rights and interests of member companies.”

The PEF Operators Council plans to actively engage in ▲ responding to and communicating on major legislative and policy issues ▲ supporting the upgrade of PEF operation infrastructure ▲ and promoting communication and exchange among member companies.

Meanwhile, Praxis Capital was jointly founded in 2013 by three consultants (Ramin Sang, Lee Kwan-hoon, Yoon Joon-sik) from the global strategy consulting firm Bain & Company.

It is a mid-sized PEF operator actively investing in 25 growth companies (8 funds) over the past 10 years, including secondhand trading platform Bungeejangter, music copyright management company Beyond Music, software-as-a-service company BusinessOn, and Doosan Robotics. The average internal rate of return (IRR) is 38%, and the cumulative assets under management (AUM) reach 1 trillion KRW.

New Chairman Ramin Sang graduated from Seoul National University College of Education, earned an MBA from Duke University, a Master’s degree in Computer Engineering from the University of Pennsylvania, and holds the Chartered Financial Analyst (CFA) designation.

This content was produced with the assistance of AI translation services.