Baring PE Asia closes seventh fund at $6.5b, exceeds target

Hong Kong

Alternative investment major Baring Private Equity Asia (BPEA) on Tuesday announced that it has reached the final closing of its seventh private equity fund at the hard cap of $6.5 billion in total capital commitments.

The Baring Asia Private Equity Fund VII, raised in 2019, exceeded its target by $1 billion and is over 60 per cent larger than the predecessor fund, The Baring Asia Private Equity Fund VI.

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