Reuters exclusively reports Hong Kong's PAG seeking to raise $9 bln with new buyout fund - Reuters News Agency
Business & Finance

Reuters exclusively reports Hong Kong’s PAG seeking to raise $9 bln with new buyout fund

Reuters exclusively reported that Asia-focused investment firm PAG is aiming to raise $9 billion in what would be its fourth and largest buyout fund, adding to the region’s abundant investment dry powder. The Hong Kong-based firm has kicked off fundraising, and a first close of the fund is expected by mid-2022. Roughly two-thirds of PAG’s private equity portfolio is in China, and the new fundraising underscores robust investment interest in the country despite an unprecedented regulatory crackdown on a range of sectors from technology to real estate to private tutoring.  

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: A general view showing the Central Business District, in Hong Kong, China, September 15, 2021. REUTERS/Tyrone Siu/File Photo
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