<article>Baring Private Equity Asia <a href="http://www.bpeasia.com/" target="_blank">(Baring Asia</a>) has raised $3.98 billion in its new flagship Asia fund, with total assets under management valued at $9 billion.</article>

Baring Private Equity Asia <a href="http://www.bpeasia.com/" target="_blank">(Baring Asia</a>) has raised $3.98 billion in its new flagship Asia fund, with total assets under management valued at $9 billion.
Termed the Baring Asia VI fund, the private equity (PE) firm, has raised what is believed by many observers to be the largest fund by an Asia-based PE firm to date. The new fund had raised close to $3.3 billion last year, within four months of launching, closing at its &#8216;hard cap&#8217; after being heavily oversubscribed.
Since launching in 1997, the PE firm has invested in a portfolio of 72 companies with transaction values totalling $11 billion. As of 2015, it reported having 30 portfolio companies across the Asia-Pacific, with 95,000 employees and approximately $30 billion in sales in FY 2014.
Also Read: <a style="color: #ff0000;" title="Mutual Fund Elite ups stake in VN’s KBC to 6.4%" href="http://www.dealstreetasia.com/stories/mutual-fund-elite-ups-stake-vns-kbc-3404/">Mutual Fund Elite ups stake in VN’s KBC to 6.4%</a>
Baring Asia has a team of 110 across Asia, with offices in Beijing, Hong Kong, Shanghai, Tokyo, Singapore, Mumbai and Jakarta.
About 60 per cent larger than the previous fund (raised in 2011), Fund VI is targeted towards the Asian market. Specifically, they focus on Asian companies that are scaling operations, as well as on the North American and EU firms with Asian expansion plans.
Jean Eric Salata, founding partner and CEO of Baring Asia said: “We are very grateful for the support we received from both our existing investors and the many new investors that chose to commit to Baring Asia VI. Although there was demand for a substantially larger fund, we capped capital commitments at a level we were comfortable we could invest well.&#8221;
According to Baring Asia, investor commitments have originated from various institutional investors worldwide. Amongst them are North American pension funds, Asian and Middle Eastern sovereign wealth funds, endowments and <a style="color: #000080;" href="http://www.investopedia.com/university/hedge-fund/funds-of-funds.asp" target="_blank">hedge funds</a>. The over-subscribed fund consists of several existing and new investors. The firm’s own partners committed $138 million in Fund VI.
Related Stories:
<a style="color: #ff0000;" title="Blackstone’s Asia fund set for $5b final close" href="http://www.dealstreetasia.com/stories/blackstones-asia-fund-set-for-5b-final-close-1241/" rel="bookmark">Blackstone’s Asia fund set for $5b final close</a>
<a style="color: #ff0000;" title="Headland Capital Launches $1b Asia Fund" href="http://www.dealstreetasia.com/stories/headland-capital-launches-1b-asia-fund-808/" rel="bookmark">Headland Capital Launches $1b Asia Fund</a>
<a style="color: #ff0000;" title="Exclusive: Northstar Group nears final close of $1b fourth fund" href="http://www.dealstreetasia.com/stories/exclusive-northstar-group-nearing-final-close-1b-fourth-fund-3270/" rel="bookmark">Exclusive: Northstar Group nears final close of $1b fourth fund</a>

Baring Asia has raised its latest fund, Baring Asia VI, with a value of US$3.98 billion. This makes it possibly the largest PE fund to date in Asia.

Barings Asia Private Equity raises $4 billion fund

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Barings Asia Private Equity raises $4 billion fund

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief