Glenwood Private Equity, an independent investment firm headquartered in Seoul that focuses on upper middle-market corporate carve-out opportunities in South Korea, has closed its latest Glenwood Private Equity Fund III, with total commitments of $1.1bn, reaching its fundraising hard cap.
The fund exceeded its $1bn target and was significantly oversubscribed, receiving strong support from longstanding existing domestic investors as well as a broad base of new offshore limited partners.
These include leading institutional investors such as public pension plans, sovereign wealth funds, asset managers, foundations, and insurance companies across Asia-Pacific, Europe, and North America.
Tax advice was provided by partners Daniel Zygielbaum (Washington, DC), Sandy Bhogal (London) and Benjamin Rapp (Munich), and associates Eugene Woo (New York,) Duncan Hamilton (Dallas), James Chandler (London) and Daniel Reich (Frankfurt). Partner Michael Collins (Washington, DC) advised on ERISA aspects.
Gibson Dunn acted as international counsel to Glenwood Private Equity on the fundraise.
