TLDR:
– Representatives of Korea’s top private equity firms met with UAE President Mohamed bin Zayed Al Nahyan.
– The meeting sparked speculation over increased cooperation between the two countries on investment capital.
Representatives of Korea’s top private equity (PE) firms recently met with United Arab Emirates (UAE) President Mohamed bin Zayed Al Nahyan, prompting speculation over potential widened cooperation between the two countries on investment capital. The meeting, held at the UAE president’s request during his state visit to Korea, included executives from IMM Private Equity, Hahn & Co., and STIC Investments, who manage funds that attract global limited partners, including those from the UAE. The meeting, where there was a sense of opening working-level discussions, is anticipated to lead to UAE sovereign wealth funds exploring investment opportunities in the Korean market. The three Korean PE firms have substantial committed capital, with Hahn & Co. leading the industry in 2023. The UAE president also met with leaders of major Korean conglomerates during his visit.
