PAG Nets US$1.5B For Distressed Fund

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.


In Depth

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...