HK-based PAG gathers $6b for third Asia buyout fund

Hong Kong

Hong Kong-based alternative investment firm PAG has closed its third Asia-focused private equity buyout fund at $6 billion, after being oversubscribed. The vehicle will start deploying in the region as early as this year.

The fund, which has been in the market since June this year, held only one closing last week, an announcement from PAG said on Monday.

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