Baring Private Equity Asia Closes $2.64B Fund

Baring Private Equity Asia has closed its largest fund to date, with $2.46 billion, Reuters reported. The fund will invest across a range of Asian countries. Baring has more than 30 institutional investors contributing to the new fund, Reuters said, with roughly half coming from North America, and 28 percent from Asia and a quarter from the Middle East and Europe.

(Reuters) – Baring Private Equity Asia said on Tuesday it closed a $2.46 billion fund, the firm’s biggest, which will focus on a range of Asian countries.

The fund has more than 30 institutional investors, with about half from North America, 28 percent from Asia and a quarter from the Middle East and Europe, Baring said in a statement. (Reporting by Stephen Aldred; Editing by Jon Loades-Carter)