Baring Private Equity Asia raises $1.52 billion

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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