Baring Asia Lands Commitment for New Fund Targeting $8.5bn

Asset manager Baring Private Equity Asia is picking up investor capital for its largest ever fund to invest across the Asia-Pacific region.

The Hong Kong-based firm’s latest fund, Baring Asia Private Equity Fund VIII LP, is targeting $8.5 billion of investor capital, people familiar with the matter said. If the firm reaches that amount, the new fund would be nearly 31% larger than its predecessor, which wrapped up with $6.5 billion in 2019.

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Baring Asia Private Equity is one of the largest and most established private alternative investment firms in Asia, with over US$21 billion of assets under management. The firm manages a private equity investment program, sponsoring buyouts and providing growth capital to companies for expansion or acquisitions with a particular focus on the Asia Pacific region, as well as investing in companies globally that can benefit from further expansion into the Asia Pacific region. BPEA also manages dedicated funds focused on private real estate and private credit.

Source: Wall Street Journal

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