Jay-Z's investment fund, Hanwha Asset join hands for K-culture-focused PEF

Jay-Z's investment fund, Hanwha Asset join hands for K-culture-focused PEF

Rapper Jay-Z's investment fund has joined hands with Korea's Hanwha Asset Management to raise a private equity fund (PEF) that invests in Korean en...

Jay-Z’s MarcyPen plans $500 million push into K-culture

MarcyPen Capital Partners, the U.S. investment firm co-founded by Shawn “Jay-Z” Carter, is preparing a global push into Korean popular culture with a planned investment of more than $500 million. The move comes as K-culture’s influence continues to grow across music, film, beauty, gaming, food and digital entertainment, and as investors worldwide look for exposure to the region’s fast-scaling consumer brands.The firm is working with Hanwha Asset…

Jay-Z’s MarcyPen Capital Partners To Invest $500 Million In South Korea's K-Pop - World Music Views

Jay-Z’s newly merged investment powerhouse MarcyPen Capital Partners is setting its sights on a $500 million private equity fund aimed at fueling the global expansion of South Korean lifestyle brands—marking one of the most ambitious U.S. investments yet into the worldwide rise of K-culture. According to the Financial Times, the firm, backed by the rap icon, has teamed up with Hanwha Asset Management, the financial arm of one of South Korea’s la…