July 29, 2024
Gibson Dunn has advised Hahn & Company, a leading South Korea-based private equity firm, on the formation of Hahn & Company IV, its fourth Korea-focused buyout fund.
Hahn & Company IV raised approximately US$3.4 billion in capital commitments, surpassing its target of US$3.2 billion, and is reported to be the largest single-country investment fund ever formed in Asia, excluding China. Capital commitments came from investors globally, with 35% coming from Asia, 30% from North America, and 20% from the Middle East.
The Gibson Dunn team was led by Hong Kong partner Albert Cho and included associates Kathy Wen, Brian Ham, Keira Su, Christina Fong and Rachelle Tong. Tax advice was provided by partner Daniel Zygielbaum (Washington, D.C.), Pamela Endreny (New York), of counsel Loren Lembo (New York), and associates Rebecca Friedman (Los Angeles) and Duncan Hamilton (Dallas). Partner Michael Collins (Washinton, D.C.) advised on ERISA aspects, and partner Darius Mehraban (New York), and associates Aja Sanneh (New York) and Vlad Zinovyev (Abu Dhabi) advised on financing aspects.