PAG to close fourth pan-Asian buyout fund at $4b—less than half of original target: report

PAG to close fourth pan-Asian buyout fund at $4b—less than half of original target: report

Dollar notes. Photo by Pixabay

Hong Kong-based private equity firm PAG will conclude the fundraising for its latest buyout fund at $4 billion later this month, falling short of its original target of $9 billion as investors are hesitant to invest new capital in the region, Bloomberg reported on Thursday.

Edited by: Pramod Mathew