Private equity funds sit on record 43 trillion won as dealmaking opportunities dwindle

AI핵심 요약

• ·Korea’s investment firms are stuck with uninvested capital as a weak mergers and acquisitions environment pushes more money into loans.
• ·Korea's private equity firms are sitting on a record 43.2 trillion won ($28.5 billion) in uninvested capital as a slowdown in dealmaking leaves them struggling to find companies to buy.
• ·Private equity funds that only conduct business with select institutions raised a record 27.8 trillion won in new capital commitments last year, up 44.8 percent from 19.2 trillion won a year earlier, according to data released by the Financial Supervisory Service (FSS) on Wednesday.
• ·The number of such PEFs newly established rose 22 percent on year to 211 from 173 last year, bringing the total number of such funds to 1,195, up 58, or 5.1 percent, from a year earlier.
• ·Total capital commitments increased 9 percent to 167.5 trillion won, while invested capital rose 5.8 percent to 124.3 trillion won.