Baring Asia raises $4b for deals

The private equity firm has closed its sixth fund and is eyeing deals in India and China says CEO Jean Eric Salata.

Baring Private Equity Asia has amassed $4 billion for leveraged buyouts across the region at a time when many other firms are struggling to raise capital.

The Hong Kong-headquartered private equity firm said on Wednesday that it is targeting companies in Asia, as well as European and North American companies with growth plans in the region.

The new fund is the second-largest ever dedicated to deals in the region, behind only Kohlberg Kravis Roberts which collected a record $6 billion from investors in 2013.

Baring Asia decided to raise a fund 60% larger than its last in 2011 because it now sees...

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