Hong Kong-headquartered alternative investment firm PAG has closed its fifth pan-Asian direct lending fund worth $2.6 billion, according to a company announcement on Tuesday.
The fund, dubbed PAG Loan Fund V, is the largest of its kind in Asia-Pacific to date, per the statement. It received capital commitments from 20 institutional investors, including sovereign wealth funds, pension funds, and endowments located in North America, Europe, the Middle-East, and Asia-Pacific.
