PAG Partner Kim Retires as PE Firms See Rising Departures
- Kim, a former Lehman banker, departs PAG after 13 years
- PAG and Carlyle’s partners retiring amid difficult fundraising
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David Kim, a partner at PAG, is retiring from Asia’s biggest multi-asset manager after 13 years, leaving the firm as it’s seeking to raise one of its biggest pools of private equity capital, people familiar with the matter said.
The former Lehman Brothers Holdings Inc. banker is retiring this week to pursue “recreational and educational activities between Seoul and Honolulu,” according to an email he sent to clients that was seen by Bloomberg News. A Hong Kong-based spokesman declined to comment. Kim, 60, declined to comment.