Baring Private Equity Asia Ltd (BEPA) has gathered secured capital commitments totalling around $11 billion for its latest and biggest fund to date, according to a report by Bloomberg.
The report cites unnamed sources as confirming that the Hong Kong-based investment manager raised about 70% more than a previous $6.5 billion Asia-focused fund.
Several rivals to BEPA, which was acquired by Sweden’s EQT AB earlier this year for $7.5 billion, including Carlyle Group and PAG are in the process of fundraising, while Bain Capital is also reportedly marketing a new Asia fund.
Read more: Private Equity Wire
