Asia-focused alternative investment manager PAG has closed its latest private equity buyout fund on $2.4bn, according to AVCJ.
The firm held a $1.7bn first closing back in June 2011.
PAG’s private equity strategy focuses on investments in China and other regions across Asia, targeting buyouts and structured transactions.
Sectors of interest include consumer retail, food and beverage, financial institutions, industrials and transportation, energy and resources and healthcare.
Founded in 2002, the firm is one of the region’s largest Asia-focused alternative investment managers with funds under management across private equity, real estate and absolute return strategies.
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