Hong Kong's PAG said to seek as much as $6b for latest Asia PE fund

Hong Kong's PAG said to seek as much as $6b for latest Asia PE fund

Hong Kong. Photo: Unsplash

Hong Kong-based PAG is planning a new Asia private equity fund, adding to a massive pool of private equity money readied for acquisitions in the region, six people with knowledge of the plan told Reuters.

PAG aims to raise as much as $6 billion with the new fund, its third and largest to date, two of the people said. The firm raised $3.6 billion with its second Asian fund in 2016.

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