Baring Private Equity Asia Said To Target $6B For New Buyout Fund

Nov 9 2017 | 9:25pm ET

Baring Private Equity Asia is reportedly looking to raise $6 billion in a new Asian buyout fund as emerging markets continue to beckon private equity investors eager to put capital to work. 

The new fund is Baring’s seventh in the region and would be its largest to date, according to a Reuters article citing unidentified individuals familiar with the matter. It is expected to hold a final close in the late summer or fall of next year, and should capital commitments come in as planned, would be the largest in the region since KKR closed its record $9.3 billion Asia-focused fund last June. Other global private equity giants, including Blackstone and Carlyle Group, are raising similar funds as the very healthy market for private equity vehicles extends especially to fast-growing regions like China and India. Carlyle is targeting $5 billion for its Asian buyout fund while Blackstone is seeking $3 billion for its inaugural pan-Asia buyout fund, Reuters said. 

Founded in Hong Kong in 1997, Barings Private Equity Asia has total committed capital of more than $10 billion. The firm’s 140 associates are located in Hong Kong, Shanghai, Beijing, Mumbai, Singapore, Tokyo and Jakarta.

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