(Bloomberg) -- Hong Kong-based private equity firm PAG has raised $6 billion for a new fund, the Financial Times reported, citing several unidentified people with knowledge of the matter.
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PAG’s new fund was largely raised from U.S. pension funds as well as backing from the sovereign wealth funds of Kuwait and Singapore, the newspaper said.
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PAG’s Chairman and Chief Executive Officer Shan Weijian has a worldwide mandate, but focuses mainly on Asia, especially China, according to the FT.
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