PAG targets $4.5b for third Asian fund
PAG Asia Capital is looking to raise $4.5 billion for its third pan-regional fund, reflecting the trend among Asia’s top-tier managers to push for ever larger pools of capital.
The step up in fund size on the previous vintage is meaningful but not outlandish compared to some of the firm’s regional peers. Having initially sought $3 billion for Fund II, PAG took about eight months...
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