Overview
- Hanwha Asset Management and Jay‑Z–backed MarcyPen Capital Partners signed a memorandum of understanding during Abu Dhabi Finance Week in Dubai.
- Plans call for a roughly $500 million private equity fund focused on Korean entertainment, beauty, food and lifestyle companies.
- MarcyPen will be the majority investor, while Hanwha will lead deal sourcing and day‑to‑day fund operations.
- The firms intend to begin soliciting commitments from international investors and sovereign wealth funds in the second half of 2026, according to the Financial Times.
- MarcyPen, formed in 2024 and managing about $1 billion, and Hanwha, a major Korean asset manager, frame the initiative as a rare private‑equity inflow into K‑culture sectors.