An organisation using a Chinese name similar to Baring Private Equity Asia has set up a series of websites which, according to a statement from Baring Asia, “use information directly copied from [Baring's] own website, presumably with the intent to pass themselves off as [Baring Private Equity Asia] or an affiliate”.
The firm has reported the matter to relevant Chinese authorities, which are currently investigating the case. Baring Private Equity Asia's website can be found at www.bpepasia.com.
In May 2008, Baring Asia closed its fourth fund on $1.5 billion, surpassing its $1 billion target.
The firm specialises in growth equity investments and mid-market buyouts primarily in China, India, Japan Singapore, Hong Kong and Taiwan. It prefers deal sizes between $100 million and $500 million, and has $2.5 billion under management.