IMM PE의 '에어퍼스트' 컨티뉴에이션펀드, IRR 30% 전망 [넘버스]

IMM PE's debut of Korea's first mega-scale continuation fund marks a strategic inflection point for the domestic PE industry—moving beyond traditional exit-focused buyouts toward prolonged ownership of structurally protected infrastructure assets. The projected 30% IRR, well above typical evergreen fund returns, reflects strong conviction in Airfirst's secular growth driven by semiconductor and petrochemical supply chain dynamics. This deal demonstrates maturing deal-making sophistication among Korean PE firms and validates a new playbook for value creation without forced liquidations.