PAG seeking to raise $9bn with new buyout fund

PAG seeking to raise $9bn with new buyout fund

Asia-focused investment firm PAG is aiming to raise $9bn in what would be its fourth and largest buyout fund, people with knowledge of the matter said, adding to the region’s abundant investment dry powder. The Hong Kong-based firm has kicked off fundraising and...
Allianz Private Equity Fund holds first close at €520m

Allianz Private Equity Fund holds first close at €520m

Allianz Global Investors announced the first close of the Allianz Private Equity Fund (APEF), which is managed by Allianz Capital Partners (ACP). The APEF allows institutional investors to invest together with Allianz in ACP’s global private equity program. The...
T. Rowe Price acquires Oak Hill Advisors for $7.5bn

T. Rowe Price acquires Oak Hill Advisors for $7.5bn

T. Rowe Price is buying alternative credit manager Oak Hill Advisor for a total consideration of $7.5bn, to be paid mostly in cash, as demand for alternative credit strategies among institutional investors gathers pace. The $1.61trn investment manager will acquire...