PAG closes second Asia fund at $3.66b - update
PAG Asia Capital has reached a first and final close on its second fund at $3.66 billion. The vehicle, which had an initial target of $3 billion, spent less than eight months in the market.
The GP, which is led by Weijian Shan, formerly of TPG Capital, closed its maiden fund at $2.5 billion in 2012. A filing for the latest fund was made on December 29, indicating that 69 investors have committed...
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