MBK Partners Targets $3 Billion

MBK Partners is targeting $3 billion for its second fund, according to LBO Wire. The Seoul-based buyout firm was formed in 2005 by Michael Kim, who previously was co-head of Asian buyouts for The Carlyle Group.

It closed its debut fund in 2006 with $1.56 billion, from LPs like Temasek Holdings, the Ontario Teachers' Pension Plan, Morgan Stanley, Bank of Tokyo and the National Agricultural Cooperatives Federation of South Korea. www.mbkpartnerslp.com