Rapper Jay-Z Backs Private Equity Push Into Korea’s Entertainment and Beauty Industry

SEOUL, Dec. 9 (Korea Bizwire) — Rapper Jay-Z’s investment fund has joined hands with a South Korean asset manager to raise a private equity fund (PEF) that invests in Korean entertainment, beauty and lifestyle, officials said Tuesday. MarcyPen Capital Partners LLC, which is backed by the U.S. rapper, recently signed a memorandum of understanding with [...]