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Baring Private Equity Asia raises $11bn for largest fund to date

Baring Private Equity Asia Ltd (BEPA) has gathered secured capital commitments totalling around $11 billion for its latest and biggest fund to date, according to a report by Bloomberg.

The report cites unnamed sources as confirming that the Hong Kong-based investment manager raised about 70% more than a previous $6.5 billion Asia-focused fund. The final closing of the new fund, which is expected to continue BEPA’s strategy of investing in mid- to large-sized firms in Asia, may be announced as early as the end of this month. Around 15 per cent of the capital raised has already been invested

The firm has already invested 15% of the new capital, the people said.

Several rivals to BEPA, which was acquired by Sweden’s EQT AB earlier this year for $7.5 billion, including Carlyle Group and PAG are in the process of fundraising, while Bain Capital is also reportedly marketing a new Asia fund.
 

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