November 19, 2018 / 1:18 AM / in 23 days

PAG closes its third Asia-focused fund after raising $6 billion

(Reuters) - Hong Kong-based PAG on Monday said it closed its third Asia-focused buyout fund at a total of $6 billion in capital commitments, after being in the market since June.

PAG expects to begin investing out of PAG Asia III as soon as this year, it said.

The firm raised $3.6 billion with its second Asian fund in 2016.

Reporting by Shubham Kalia in Bengaluru; Editing by Chris Reese

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