Korea-focused private equity firm VIG Partners has reached a final close for its third Korea-focused fund with US$600 million in capital commitments. Investors in the fund include banks, family offices, insurance companies, funds of funds and pension funds from Europe, North America and Asia, including Korea’s National Pension Service, which committed KRW202 billion (approximately US$175 million) to the fund’s first close. The fund will target control investments in companies with enterprise values from US$50 million to US$300 million.