PAG targets $3b for second Asia fund
PAG Asia Capital has launched its second pan-regional fund and is looking to raise $3 billion. The GP, which is led by Weijian Shan, formerly of TPG Capital, closed its maiden fund at $2.5 billion in 2012.
A hard cap has yet to be set for the new vehicle, sources familiar with the situation told AVCJ. The first fund launched in late 2010 and reached a first close of $1.7 billion in seven months. At the...
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