PAG Announces Final Close of US$2.4 Billion on Asia Fund (Asia)

Source: AVCJ  |  Author: Tim Burroughs

Asia-focused alternative investments manager PAG has reach a final close at US$2.4 billion for its debut private equity fund, PAG Asia I. The fund will focus on buyout investments throughout Asia with a focus on China. Over 90 percent of the limited partners in the fund are reportedly large institutional investors, including pension funds, sovereign wealth funds and financial institutions.