Baring Asia raises $1.52 bln private equity fund

HONG KONG, May 13 (Reuters) - Baring Private Equity Asia said on Tuesday that it had raised a nearly $1.52 billion fund to invest in companies in the alternative energy, media, financial services, consumer and industrial sectors in the region.

The Baring Asia Private Equity Fund IV is the largest regional growth equity fund ever raised for Asia, the company said, and will target companies with enterprise values between $100 million and $500 million and operations in China, India, Japan, Singapore, Hong Kong, Taiwan and Southeast Asia. (Reporting by Jeffrey Hodgson; Editing by Ken Wills)