Hahn & Co. raises $3.2bn

The buyout firm closes third flagship fund and its co-investment vehicle.

Hahn & Co has held the final close on the largest ever fund dedicated to Korea, which includes $2.7 billion for the flagship fund Hahn & Co III and an additional $500 million for a co-investment fund that will invest alongside Fund III. Together, the funds will continue to pursue corporate acquisitions and investments across a variety of sectors.

More than 90 percent of the fund’s investor base have re-upped from Hahn & Co II, which closed at $1.23 billion in December 2014. Pennsylvania State Employees’ Retirement Association is among the repeat investors, contributing $75 million.