Thiel-Backed Crescendo Equity Partners Raised More Than $350 Million Overseas in the First Close of Fund IV
Thursday, November 5, 2026 · first reported by HedgeCo and 4 others
Crescendo Equity Partners, a South Korean private equity firm, has held a first close on Crescendo Private Equity Fund IV, its fourth blind fund, with more than $350 million from overseas institutional investors. That is over 70% of the $500 million overseas goal. The fund targets $1 billion, split evenly between overseas and domestic money.
The fund will take control stakes in Korean small and mid-sized technology companies valued at 50 billion to 500 billion won, in semiconductors, B2B software and cybersecurity, and will grow them through follow-on acquisitions. Several domestic institutions are conducting due diligence on commitments.
- Also named
- Thiel Capital
- Fund
- Crescendo Equity Partners Fund IV
- Size
- $350M
- Stage
- First close
- Asset class
- Private equity
- Geography
- Asia-Pacific
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
See an error?
Coverage
5 sources- HedgeCoThiel-Backed Crescendo Equity Partners Raised More Than $350 Million Overseas in the First Close of Fund IV
- Seoul Economic DailyCrescendo Raises $350 Million Overseas in First Close of 4th Fund
- ChosunbizCrescendo secures $350M first close for $1B Korea-focused tech fund
- BigGo FinanceCrescendo Holds First Close of Fourth Blind Fund, Raising $350 Million Overseas
- DealroomCrescendo lands $350M first close for $1B Korea tech fund
- Sagard PE closes third fund-of-funds for emerging managers at €520MPitchBook +5
- Silver Lake and PIF in talks over $25bn Unity buyoutPrivate Equity Wire
- Permira to acquire Flint Group in $1.5bn-plus dealPrivate Equity Wire
- Altamont Capital Partners to launch $750m fifth fundPEI Private Equity
- Wall Street banks line up $3.1bn debt financing for CD&R's Option Care dealPrivate Equity Wire
- Oman’s Phaze Ventures gathers $40m toward $75m AI fund platformPEI Private Equity
Got news? Send it to us →