VIG Partners overview
Stories about VIG Partners

Korean buyout shop VIG ponders dedicated growth capital team
VIG Fund IV is 69% invested and expected to complete one more deal this year, managing partner Chulmin Lee tells PEI.

Side Letter: European fund rush, Hollyport and VIG closes, Thoma Bravo's new niche
Europe is braced for a bunch of mega closes, while Hollyport and VIG are celebrating their own fundraising achievements. Plus: predictions from Blackstone and Thoma Bravo's new offering. Here’s today's brief, for our valued subscribers only.

Korea’s VIG eyes global exit routes after closing fourth fund
Economic concerns have prompted strategic buyers to become more frugal, paving the way for a greater number of secondary buyouts, according to managing partner Chulmin Lee.

VIG Partners raises $530m
The Seoul-based investment firm holds a first close on its fourth buyout fund.

VIG seeks up to $800m for fourth fund
The Seoul-based manager will be investing the capital raised in mid-market and control buyout deals in Korean consumer companies.
VIG Partners contact information
Offices
Contacts
| Name | Job title | Location | |
|---|---|---|---|
| Key Contact | Job titlePartner | LocationSeoul, South Korea | Email |
Job titleExecutive Director and Deputy Chief Financial Officer | LocationSeoul, South Korea | Email | |
Job titleSenior Executive Director and Chief Financial Officer | LocationSeoul, South Korea | Email | |
Job titleManaging Partner and Founding member | LocationSeoul, South Korea | Email | |
VIG Partners funds managed
Funds in market: 1
| Fund | Fund size | Open date | Strategy |
|---|---|---|---|
Fund size | Open dateOct 2023 | Strategy | |
Closed funds: 11
| Fund | Fund size | Close date | Strategy |
|---|---|---|---|
Fund size | Close dateMay 2025 | Strategy | |
Fund size | Close dateNov 2024 | Strategy | |
Fund size | Close dateFeb 2024 | Strategy | |
Stories that mention VIG Partners
South Korea's Crescendo eyes $1.25bn for latest flagship
The Korean manager was founded by Kevin Lee in 2012 with the sponsorship of PayPal co-founder and venture capitalist Peter Thiel.
Side Letter: Carlyle's wealth boom
Carlyle Group's efforts to raise more capital from wealthy individual investors appears to be going swimmingly. Plus: notes on 17Capital's latest fundraise; and another challenge on the horizon for Korean GPs. Here's today's brief, for our valued subscribers only.
Side Letter: Record-breaking secondaries
Secondaries dealmaking broke another record in H1 2025. Plus: Azerbaijan's sovereign wealth fund has upped its private equity allocation. Here's today's brief, for our valued subscribers only.
Side Letter: CIC's sale
China's CIC is the latest institution to consider offloading a sizeable private equity portfolio. Plus: Why US managers shouldn't count their chickens despite a regulatory shake up; and TPG adds to its PE leadership. Here's today's brief, for our valued subscribers only.
Side Letter: Tariff special
Side Letter asks the industry: how are you navigating Trump's tariff turmoil? Plus: could distress be set to soar? Here's today's brief, for our valued subscribers only.
Side Letter: TDR's Special Opportunity
TDR is making speedy headway with its debut special opps fund. Plus: Ham Lane is back in market with a co-investment flagship; and US firms retain their performance dominance. Here's today's brief, for our valued subscribers only.
Hahn & Co hauls in $3.2bn for largest Korea fund
The buyout firm gathered $2.7bn for its third flagship fund and a further $500m for a co-investment sidecar.
Korean private equity: A beginner’s guide
With private equity spending on track to exceed 2015's peak this year, PEI outlines the country's key players, hottest segments and expected returns.
