baring-private-equity-asia-raises-152-billion

Baring Private Equity Asia raises $1.52 billion

The private equity group announces the closing of its Baring Asia Private Equity Fund IV, which it bills as the largest regional growth equity fund.

Baring Private Equity Asia said yesterday that it closed the Baring Asia Private Equity Fund IV, a $1.52 billion private equity fund.

Baring Asia now has $2.5 billion in assets under advisory and this latest fund is three times the size of the Baring Asia III fund it closed three years ago. That has performed well, with a net IRR to investors of 126% as of March 31, according to Baring Asia.

The current fund, which had an original target of $1 billion, was heavily oversubscribed and so Baring Asia raised its hard-cap limit to account for the high investor demand.

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