NEWS & VIEWS

Global private equity and venture capital news and research

Baring plans to launch sixth Asian fund

25 Mar 2014

Asia PacificPrivate equity firm Baring is reportedly preparing to launch its sixth Asian funds.

The firm is planning to launch the fund with a $2.9bn target in May this year, according to Private Equity International.

Baring Private Equity Asia currently has committed capital of $5bn across its funds.

The firm, which has offices in Hong Kong, Shanghai, Beijing, Mumbai, Singapore, Jakarta and Tokyo, has more than 30 portfolio companies across Asia with combined revenues of more than $25bn.

Earlier this month a consortium led y Baring agreed to buy Chinese online gaming group Giant Interactive in a $3bn take-private deal.

The consortium offered $12 per share, which represented a premium of over five per cent to the company’s market value at that time.

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