PAG

PAG has returned around $1bn on average in recent years, PE co-head Lincoln Pan tells PEI.

Speaking at SALT iConnections in New York, Weijian Shan, co-founder of pan-Asian giant PAG, said buyouts gave China investors more exit options than growth and venture deals.

The process is understood to be in the early stages and could involve multiple funds.

The Asian buyout, credit and real estate giant will use most of its IPO proceeds to seed new strategies, according to Hong Kong Stock Exchange filings.

PAG closes PAG Growth II with capital commitments of $525 million, thereby exceeding its $500 million target. The fund will focus on investments in Southeast Asia, with a greater focus in China.

The investment firm's chief executive discusses investment pacing, potential expansion and how US-Sino relations might impact Chinese PE.

Presenting the region’s best firms, limited partners and managers.

The UK-listed firm, which owns a stake in multi-family office Stonehage Fleming, plans to make three investments every two years via its rebranded direct investment unit.