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The Seoul-based online fashion platform Musinsa has raised $130 million in a series C funding round headed by the global investmentfirm KKR. The capital infusion also includes support from Wellington Management. Executives there did not respond to a media request Wednesday.
Passing that milestone puts the firm in the same league as mutualfund behemoths and banking giants. On Thursday, Blackstone became the first in the privateequity 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.
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