PAG Capital Asia Nets $1.7B For Fund

PAG Capital Asia, a private equity fund launched by former TPG Capital executive Weijian Shan, has raised more than $1.7 billion, Reuters reported. The firm aims to close its PAG Asia I LP in a couple of months with about $2.5 billion in commitments, Reuters said. Shan is one of a slew of high-profile private equity executives who departed global firms in recent months in favor of start-up China-focused funds.

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