Jay-Z, Hanwha-backed K-culture fund eyes launch as early as this year

A joint K-culture investment firm backed by Jay-Z’s investment arm and Hanwha Asset Management is set to complete core staffing by June, with a launch possible as early as this year, according to an exclusive Herald Business report Friday. Citing investment banking sources, the report said, MarcyPen Asia — a joint venture between MarcyPen Capital Partners and Hanwha Asset Management — has begun recruiting key personnel, including a vice president and senior associates. The firm plans to finalize

By The Korea Herald