Baring Asia reaches $3.2b first close on Fund VI
Tuesday, October 14, 2014
(AVCJ by Andrew Woodman) – Baring Private Equity Asia has reached a $3.2 billion first close on its sixth pan-regional fund, exceeding its original target of $3 billion for the entire vehicle.
LPs were informed of the close at the end of last week, according to a source familiar with the situation. AVCJ was previously told that the fund has a hard cap of $3.85 billion, not including the GP contribution. Baring declined to comment.
