PAG makes first close on Asia buyout fund at $1.7b
PAG Asia Capital has made a $1.7 billion first close of PAG Asia I LP, a pan-Asia private equity buyout fund. The private equity firm is targeting a final close of $2.5 billion in the next few months.
PAG launched the fund last November and has already built up a pipeline of investments. It has executed agreements to invest over US$700 million in retail, insurance, hotel and entertainment industries...
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