Latest news with #IMMInvestment
Forbes
a day ago
- Business
- Forbes
K-Pop Label MODHAUS Nets $15 Million Investment Before Boy Band Idntt
The innovative structure of MODHAUS as a fan-participation music label and entertainment agency has secured it more than $15.1 million (₩21 billion) in investments after closing its Series B funding. Boasting girl groups ARTMS and tripleS, as well as the introduction of the first members of its new boy band, idntt, on August 11, the funding for MODHAUS marks the largest investment into a Korean entertainment company revealed in 2025 so far. South Korea's largest venture capital firm IMM Investment led this Series B funding round for MODHAUS. Three of Korea's other Top 10 VCs in Intervest, Smilegate Investment and LB Investment all joined too, with the former notable for being an early investor in HYBE. Meanwhile, existing investors such as Hedge Fund company Laguna Investment, the U.S.-based content venture capital firm Sfermion (who also recently backed U.S. K-pop company TITAN CONTENTS) and noted music NFT investor Cooper Turley followed up with additional backing. The funding is less about a traditional label model and more about a bet on a fan and platform-first strategy. Investors point to MODHAUS's Cosmo ecosystem — a direct-to-consumer fandom platform where fans vote on music releases, creative concepts and group units to influence the artists' content — as a scalable differentiator that turns fan armies into active partners in IP creation. To date, Cosmo reports accumulating roughly 350,000 users with about 150,000 monthly active users. Cosmo has also issued more than 10 million of its platform-exclusive digital photocards (what the company calls 'Objekts') representing its unique twist on K-pop fan behavior of buying multiple copies of album packages to collect more photocards. Since MODHAUS' launch in December 2021, the company has continuously made concrete traction with ultra-ambitious projects. tripleS's full, 24-member group album, ASSEMBLE25, was a commercial milestone for the company this spring with MODHAUS reporting 510,00 records sold in its first week for the group's fastest-selling release yet. Meanwhile, ARTMS has likewise broadened MODHAUS' global footprint since its 2024 debut with two world tours taking the quintet across Asia, North and South America, Europe and Australia. The timing of the capital raise comes just as MODHAUS is preparing to debut its first boy band idntt, a 24-member group operating on the same fan-participation principles of tripleS and ARTMS via Cosmo. The first 'unit' of idntt, named unevermet, consisting of seven members, will enter the K-pop industry on Monday, August 11, with a seven-track EP containing three singles 'BOYtude,' 'Storm' or 'You Never Met' to be voted on by fans and supporters as the album's 'super title song.' (At press time, three hours before the group's official debut, 'You Never Met' was the group's most-viewed music video teaser among the three.) What Will MODHAUS Do With Its New Investments? Jaden Jeong, CEO of MODHAUS and a longtime respected K-pop producer, shared in a press release that the Cosmo platform will expand more aggressively into international markets to reach its artists' global fandoms. Jeong described the latest company's creative ecosystem as 'a breakthrough for the global 'fandustry,' or fan + industry beyond just K-pop,' promising that its latest investments will 'refine that system further and take it to the next level.' Expanding more into what global projects fans can look forward to, Jeong tells Forbes exclusively that 'MODHAUS will continue to grow as a label specializing in large-member groups.' 'Having started in Korea, we are also preparing large-member groups in Japan and have begun discussions with the greater China region as well,' he adds. 'While our existing teams and new teams do not share a unified universe, launching new MODHAUS idols in various global markets allows us to introduce Cosmo in ways that match each region's unique color. This means that artists who share the DNA of MODHAUS can connect with fans around the world.' When asked if these latest investments will include additional international activities and opportunities for its artists, MODHAUS co-founder and vice president Joseph Baek shared additional insight. 'With this new investment, MODHAUS has secured a stronger financial foundation to pursue more aggressive global expansion,' Baek tells Forbes. 'ARTMS already has a large international fanbase and through the recent 'A Live 25' shows, the full 24-member lineup of tripleS met their Asian fans for the first time. Additionally, idntt is set to complete its 24-member lineup by the first half of next year and plans to launch large-scale promotions in partnership with a major global distributor. At such a crucial moment, we are pleased that this new investment will empower all our artists to push forward with greater momentum and scalability.' Notably, ARTMS' releases are distributed in the U.S. by Sony Music's independent arm The Orchard, bringing both the group's 2024 full-length album DALL and 2025 Club Icarus EP to major U.S. retailers and helping them land on Billboard's World Albums chart. Before MODHAUS' Series B investment round, its initial seed round was led by blockchain-specialized investment firm Hashed, with major Korean-entertainment players like Naver D2SF, CJ Investment and SM Culture Partners also joining as major investors. In July earlier this year, Jaden Jeong told Forbes that the company was actively hiring and 'needs more staff' beyond its 120 employees, hoping to find 'many people who are crazy about K-pop.'
Yahoo
5 days ago
- Business
- Yahoo
Greenalia Secures $50 Million Upsizing on Existing 3-Year Credit Facilities from IMM Investment and NH Investment & Securities
NEW YORK, Aug. 7, 2025 /PRNewswire/ -- Greenalia S.A. (the "Company" or "Greenalia"), a leading Spanish developer of renewable power projects, has closed on a $50 million upsizing of its existing three-year credit facilities from IMM Investment Hong Kong ("IMM") and NH Investment & Securities ("NH") to support the development of its solar and wind project pipeline in the U.S. Greenalia Power US Advanced II, LLC ("Greenalia US" or the "Borrower") is a subsidiary of Greenalia that acquires, develops, constructs and operates utility-scale solar, wind and energy storage projects in the U.S. IMM and NH are investors headquartered in South Korea; their commitments reinforce both the strong institutional and international interest in Greenalia's U.S. portfolio. PEI Global Partners served as Financial Advisor to the Company. Holland & Knight acted as Borrower's Counsel. Norton Rose Fulbright acted as Lenders' Counsel. Nomura Securities International, Inc. continues to serve as Lead Arranger for the facilities and Nomura Corporate Funding Americas, LLC continues to serve as Administrative Agent for the facilities. The upsizing reflects continued confidence in Greenalia's strategy and the strength of its U.S. pipeline. The proceeds from the upsizing will be used to support Greenalia's ~1.9 GWDC ERCOT portfolio, particularly by financing project equipment, providing support for project letters of credit and funding other development and construction expenses. Moreover, the upsizing builds on recent positive developments around Greenalia's first asset, the 430 MWDC Misae II solar project, for which Greenalia recently secured ~$388 million of senior project financing from MUFG and Nomura. "We are excited to partner with Greenalia to accelerate the global expansion of this leading renewable energy development platform," commented Youngjoon Lee, CEO and Managing Partner of IMM HK. "This investment underscores our commitment to channeling innovative capital into critical enablers of energy transition." About Greenalia S.A. is a global renewable focused IPP and the parent company of Greenalia Power US Advanced II, LLC. The company uses wind, sun, and forestry biomass from certified plantations' remains to generate and store energy in harmony with nature, providing employment and innovation across Europe and the United States. The company's main activity is the generation of renewable energy, being present in six technologies: onshore wind, offshore wind, solar, biomass, storage and hydrogen. About PEI PEI Global Partners Holdings LLC ("PEI") is an independent, closely held investment bank specializing in the power, energy, and infrastructure sectors, with offices in New York City and Tampa. PEI advises financial sponsors, developers and corporate clients on mergers and acquisitions, divestitures, financings, private placements, and other strategic transactions. PEI conducts securities transactions through its wholly owned broker-dealer subsidiary PEI Global Partners LLC, which is regulated by the Financial Industry Regulatory Authority ("FINRA"), the Securities and Exchange Commission ("SEC"), the New York State Department of Financial Services and the Florida Office of Financial Regulation. For more information on PEI, please visit About Nomura Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit About IMM Investment Hong KongIMM Investment Hong Kong is the overseas investment arm of IMM Investment Corp., a leading Korean alternative investment manager founded in 1999 with a diversified portfolio across infrastructure, growth equity, and innovation-driven investments. Since 2019, the Hong Kong office has been successfully implementing the group's sector-agnostic global investment strategy across North America, Europe, Asia, and MENA with a focus on high-growth opportunities and clean energy transition investments. For more information, visit About NH Investment & SecuritiesNH Investment & Securities is one of South Korea's largest financial services firms, offering a full suite of investment banking, wealth management, and brokerage solutions. As a core subsidiary of NongHyup Financial Group, NH focuses on delivering innovative financing, capital markets, and advisory services to a global client base. With offices across Asia, Europe, and North America, NH leverages deep market insights and a strong domestic footprint to connect global capital with Korean and international investment opportunities. For more information, visit View original content to download multimedia: SOURCE Greenalia Sign in to access your portfolio
Barnama
20-05-2025
- Business
- Barnama
Funds Managed By Hamilton Lane Invest In Imm Infra 8th Private Equity Fund
SEOUL, South Korea, May 20 (Bernama) -- IMM Investment and leading global private markets firm Hamilton Lane (Nasdaq: HLNE) announced today that funds managed by Hamilton Lane have invested through a secondary transaction in the IMM Infra 8th Private Equity Fund. The deal, completed as of March 31, 2025, involves the acquisition of existing Limited Partner interests. This transaction represents the first infrastructure-focused secondary deal in Asia for IMM Investment and highlights growing institutional interest in Korean-originated infrastructure assets. It also underscores IMM Investment's ability to attract global capital through differentiated, high-performing platforms.
Business Wire
20-05-2025
- Business
- Business Wire
Funds Managed by Hamilton Lane Invest in IMM Infra 8th Private Equity Fund
SEOUL, South Korea--(BUSINESS WIRE)-- IMM Investment and leading global private markets firm Hamilton Lane (Nasdaq: HLNE) announced today that funds managed by Hamilton Lane have invested through a secondary transaction in the IMM Infra 8th Private Equity Fund. 'This transaction speaks to the institutional strength of our infrastructure platform and the increasing confidence global investors have in Korea as a long-term infrastructure market. We are excited to welcome Hamilton Lane as an investor." The deal, completed as of March 31, 2025, involves the acquisition of existing Limited Partner interests. This transaction represents the first infrastructure-focused secondary deal in Asia for IMM Investment and highlights growing institutional interest in Korean-originated infrastructure assets. It also underscores IMM Investment's ability to attract global capital through differentiated, high-performing platforms. The IMM Infra 8th Private Equity Fund is a core-plus and value-added infrastructure vehicle, offering exposure to a diverse portfolio across Korea's energy, mobility, digital, and social infrastructure sectors. 'This transaction speaks to the institutional strength of our infrastructure platform and the increasing confidence global investors have in Korea as a long-term infrastructure market,' said Jin Heum Paek, CEO of IMM Investment Singapore. 'We are excited to welcome Hamilton Lane as an investor. Their global perspective and deep secondaries expertise will enhance our ability to manage and scale high-quality assets while continuing to deliver value to both existing and new investors.' Brent Burnett, Head of Infrastructure and Real Assets at Hamilton Lane, commented, 'We believe there is a vast opportunity set in the infrastructure secondaries market, which is poised for continued expansion amidst increased secondaries adoption and growth in infrastructure AUM globally. Our investment in the IMM Infra 8th Private Equity Fund underscores Hamilton Lane's ongoing commitment to identifying unique opportunities in the infrastructure space, and we look forward to leveraging our global platform to support the continued growth and success of this fund." Through this partnership, IMM Investment will continue to actively manage the fund's portfolio with a hands-on, value-creation approach, leveraging its sector expertise and in-market operational knowledge. Hamilton Lane, in turn, brings global secondaries capabilities, cross-border reach and institutional due diligence expertise—reinforcing shared alignment in governance, long-term investment outlook, and responsible ownership practices. This deal also marks an important step in IMM Investment's continued evolution from a Korea-focused asset manager to a regional platform with growing international reach. Launched in 2023, IMM Investment Singapore serves as the firm's overseas fundraising and strategic partnership hub. By connecting global capital with Korean-originated opportunities, IMM Investment Singapore is expected to continue playing a key role in enabling cross-border investments in infrastructure and other alternative asset classes. About IMM Investment IMM Investment is a leading alternative investment firm headquartered in Seoul, South Korea, managing over US$7.5 billion in assets across venture capital, growth equity, and infrastructure. Founded in 1999, the firm is known for its active investment approach, deep local insight, and a track record of partnering with innovative companies and large-scale infrastructure platforms. IMM's infrastructure division has raised approximately US$2.0 billion to date and currently manages US$1.8 billion in core-plus and value-added assets across sectors including energy transition, digital infrastructure, logistics, environmental management and mobility. IMM Investment Singapore, established in 2023 as a wholly owned subsidiary, serves as the firm's dedicated global platform for cross-border fundraising and overseas investment initiatives. Based in Singapore, the team leads IMM's international investor relations, strategic partnerships, and capital deployment outside of Korea, while acting as a conduit for global LPs seeking exposure to Korea's private markets. The Singapore office plays a critical role in advancing IMM's vision of becoming a regional leader in alternative investments with global connectivity. IMM operates through a team of over 65 investment professionals across four offices in Seoul, Singapore, Tokyo, and Hong Kong, committed to delivering differentiated investment strategies and long-term value creation. About Hamilton Lane Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 740 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $956 billion in assets under management and supervision, composed of nearly $135 billion in discretionary assets and more than $821 billion in non-discretionary assets, as of December 31, 2024. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit or follow Hamilton Lane on LinkedIn.
Yahoo
20-05-2025
- Business
- Yahoo
Funds Managed by Hamilton Lane Invest in IMM Infra 8th Private Equity Fund
SEOUL, South Korea, May 20, 2025--(BUSINESS WIRE)--IMM Investment and leading global private markets firm Hamilton Lane (Nasdaq: HLNE) announced today that funds managed by Hamilton Lane have invested through a secondary transaction in the IMM Infra 8th Private Equity Fund. The deal, completed as of March 31, 2025, involves the acquisition of existing Limited Partner interests. This transaction represents the first infrastructure-focused secondary deal in Asia for IMM Investment and highlights growing institutional interest in Korean-originated infrastructure assets. It also underscores IMM Investment's ability to attract global capital through differentiated, high-performing platforms. The IMM Infra 8th Private Equity Fund is a core-plus and value-added infrastructure vehicle, offering exposure to a diverse portfolio across Korea's energy, mobility, digital, and social infrastructure sectors. "This transaction speaks to the institutional strength of our infrastructure platform and the increasing confidence global investors have in Korea as a long-term infrastructure market," said Jin Heum Paek, CEO of IMM Investment Singapore. "We are excited to welcome Hamilton Lane as an investor. Their global perspective and deep secondaries expertise will enhance our ability to manage and scale high-quality assets while continuing to deliver value to both existing and new investors." Brent Burnett, Head of Infrastructure and Real Assets at Hamilton Lane, commented, "We believe there is a vast opportunity set in the infrastructure secondaries market, which is poised for continued expansion amidst increased secondaries adoption and growth in infrastructure AUM globally. Our investment in the IMM Infra 8th Private Equity Fund underscores Hamilton Lane's ongoing commitment to identifying unique opportunities in the infrastructure space, and we look forward to leveraging our global platform to support the continued growth and success of this fund." Through this partnership, IMM Investment will continue to actively manage the fund's portfolio with a hands-on, value-creation approach, leveraging its sector expertise and in-market operational knowledge. Hamilton Lane, in turn, brings global secondaries capabilities, cross-border reach and institutional due diligence expertise—reinforcing shared alignment in governance, long-term investment outlook, and responsible ownership practices. This deal also marks an important step in IMM Investment's continued evolution from a Korea-focused asset manager to a regional platform with growing international reach. Launched in 2023, IMM Investment Singapore serves as the firm's overseas fundraising and strategic partnership hub. By connecting global capital with Korean-originated opportunities, IMM Investment Singapore is expected to continue playing a key role in enabling cross-border investments in infrastructure and other alternative asset classes. About IMM Investment IMM Investment is a leading alternative investment firm headquartered in Seoul, South Korea, managing over US$7.5 billion in assets across venture capital, growth equity, and infrastructure. Founded in 1999, the firm is known for its active investment approach, deep local insight, and a track record of partnering with innovative companies and large-scale infrastructure platforms. IMM's infrastructure division has raised approximately US$2.0 billion to date and currently manages US$1.8 billion in core-plus and value-added assets across sectors including energy transition, digital infrastructure, logistics, environmental management and mobility. IMM Investment Singapore, established in 2023 as a wholly owned subsidiary, serves as the firm's dedicated global platform for cross-border fundraising and overseas investment initiatives. Based in Singapore, the team leads IMM's international investor relations, strategic partnerships, and capital deployment outside of Korea, while acting as a conduit for global LPs seeking exposure to Korea's private markets. The Singapore office plays a critical role in advancing IMM's vision of becoming a regional leader in alternative investments with global connectivity. IMM operates through a team of over 65 investment professionals across four offices in Seoul, Singapore, Tokyo, and Hong Kong, committed to delivering differentiated investment strategies and long-term value creation. About Hamilton Lane Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 740 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $956 billion in assets under management and supervision, composed of nearly $135 billion in discretionary assets and more than $821 billion in non-discretionary assets, as of December 31, 2024. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit or follow Hamilton Lane on LinkedIn. View source version on Contacts IMM Investment Contact Jean Rok HanDir: + Jin Heum Hamilton Lane Contact Kate McGannkmcgann@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
