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K-Fashion Platform Company Secures $130m in Series C Funding Led by KKR

Private Equity Insights

The Seoul-based online fashion platform Musinsa has raised $130 million in a series C funding round headed by the global investment firm KKR. The capital infusion also includes support from Wellington Management. Executives there did not respond to a media request Wednesday.

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Blackstone Becomes First $1tr Private Equity Manager

Private Equity Insights

Passing that milestone puts the firm in the same league as mutual fund behemoths and banking giants. On Thursday, Blackstone became the first in the private equity industry to hit that level, boasting in its latest quarterly earnings report that it managed just over $1 trillion in assets as of the end of June.