PAG raises $525m

Hong-Kong based private equity firm closes second growth fund.

Fund: PAG Growth II
Amount raised: $525 million
Stage of fundraising: 
Final close
Final close date: 
July 2021

PAG has closed PAG Growth II with capital commitments of $525 million, thereby exceeding the vehicle’s $500 million target. The fund will focus on investments in Southeast Asia, with a particular focus in China.

In terms of sectors, the fund will invest across industries in TMT, financial services and healthcare.