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Hong Kong's PAG plans up to $6 billion new Asia private equity fund: sources

Reuters  |  HONG KONG 

By Kane WuHONG KONG (Reuters) - Hong Kong-based private equity firm PAG is planning a new Asia fund that aims to raise as much as $6 billion, two people with knowledge of the plan said, potentially adding to a massive pool of buyout money for acquisitions in the region.PAG has started sounding out investors about the fund in recent weeks, the two people and others told Reuters. The firm raised $3.6 billion with its second Asian fund in 2016 and the third fund will be its largest to date.PAG has not yet formalised the fund size or the fundraising schedule, the people said, adding that the plan ...

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First Published: Fri, April 13 2018. 16:06 IST