Baring Private Equity raises $11.2 bln in its largest Asia buyout fund

Reuters | | Posted by Yagya Sharma

Sep 13, 2022 09:34 AM IST

Share Via

Copy Link

BPEA's final close, which exceeded its $8.5 billion initial target is 70% more than its previous fund.

Hong Kong-based Baring Private Equity Asia (BPEA) has closed its eighth pan-Asia fund at $11.2 billion, the largest in the firm's history, the firm said in a statement on Tuesday.

Traders work the floor of the New York Stock Exchange during morning trading on August 15, 2022 in New York City.(AFP)

Also Read| Most Twitter shareholders vote in favor of sale to Elon Musk: Report

BPEA's final close, which exceeded its $8.5 billion initial target and is also 70% more than its previous fund, is also one of the largest private equity funds raised in Asia this year.