# IMM Private Equity

IMM Private Equity is a Private Equity based in Seoul, South Korea.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Seoul, South Korea
- **Region:** Asia
- **Address:** Seoul, South Korea
- **Founded:** 1999
- **Assets under management:** $6B-$12B (Altss estimate)
- **Website:** www.immpe.com
- **LinkedIn:** https://linkedin.com/company/imm-private-equity

## Regulatory record

- **Reports private funds:** No

## About

IMM Private Equity is an independent private equity firm based in Seoul, South Korea. Founded in 2006, it specializes in significant minority investments and buyouts in South Korea, focusing on companies in robotics, pharmaceuticals, online and retail, financial services, travel, and other sectors. The firm has made 14 investments, including a Series C - II investment in MEGAZONE CLOUD on August 16, 2022, and has achieved 7 portfolio exits, with its latest being Hyundai LNG Shipping on November 26, 2025.

## Sectors

- Enterprise Software
- Industrial Tech
- Healthcare Services
- Consumer

## People

- Jerry J.W. Ahn — Co-Chief Executive Officer

## Questions

### Who runs investment decisions at IMM Private Equity?

Co-CEO Jerry J.W. Ahn serves as the firm's most visible deal principal, operating within a partnership committee structure typical of institutional Korean private equity. Sector heads covering consumer, industrials, and healthcare share investment committee authority. The group does not publish a full leadership roster, and regional deal teams in Hong Kong and Shanghai operate with some autonomy under the parent brand.

### How does IMM Private Equity source proprietary deal flow?

IMM PE draws heavily on chaebol and mid-size Korean conglomerate relationships to acquire non-core divisions outright — a channel largely inaccessible to foreign sponsors. Secondary deal flow comes through domestic banking and brokerage networks, where the firm's twenty-five-year track record and institutional fund family status make it an early call on carve-outs and distressed situations.

### Does IMM participate in fund commitments or only direct deals?

The firm structures its primary funds as blind-pool vehicles that invest directly in control positions and significant minority stakes rather than operating as a fund-of-funds allocator. IMM does not solicit commitments from outside GPs to participate in its own vehicles, though portfolio companies occasionally conduct add-on acquisitions that involve co-investors.

### What investment stages does IMM Private Equity typically target?

IMM PE focuses on buyouts, growth equity, and corporate restructuring across mid-to-large-cap companies with proven earnings. The firm does not pursue early-stage venture capital within its private equity mandate; that activity resides under the separate IMM Investment entity. Platform deals that permit follow-on acquisitions in fragmented industries are a recurring pattern in past fund vintages.

### How is IMM Private Equity related to IMM Investment?

Both operate under a shared IMM brand originating from Seoul, but IMM Investment manages venture capital, infrastructure, and credit products through a different set of limited partners and investment teams. IMM Private Equity retains its own dedicated buy-side committees and LP relationships, functioning as a distinct asset manager within the broader IMM group.

### What is IMM Private Equity's known posture on co-investments alongside external GPs?

The firm occasionally accepts co-invest capital in larger buyouts where fund concentration limits or relationship priorities make space for a strategic partner. Sequoia Capital China's co-investment in Musinsa illustrates the pattern: IMM PE retained control while bringing in a sector-specialist co-investor to strengthen the company's China expansion prospects.

## Related profiles

- [Immofinanz](https://altss.com/profile/immofinanz)
- [Immutable Ventures](https://altss.com/profile/immutable-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/imm-private-equity

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