Baring scales up for Fund VI
By the time Baring Private Equity Asia reached a first close on its sixth pan-regional fund it was clear that LP demand would not easily be met. Only four months earlier the fund was launched with a $3 billion target, but by October logged commitments already stood at $3.3 billion - head and shoulders above the $2.46 billion raised for Fund V.
"Early on in the fundraise we received a very strong response from investors, particularly from existing investors, so we knew we were going to have a lot of demand," Jean Eric Salata, CEO and founding...
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