Wednesday, 24 August 2016
Last updated 7 hours ago
Nov 19 2013 | 10:59am ET
Hong Kong alternative investments firm PAG has raised US$1.5 billion for a new distressed opportunities vehicle.
The fund, raised by the firm's real-estate business, will focus on distressed real-estate and debt investments in Asia. It has already closed 11 deals since fundraising began two years ago.
PAG's Secured Capital division had targeted just US$1 billion for the fund, which is managed from Japan.