21 January 2020
Baring Private Equity Asia Fund VII Raises US$6.5 Billion at Hard Cap
PRESS RELEASE – THIS APPEARS AS A MATTER OF RECORD ONLY
21 January 2020
Hong Kong – Baring Private Equity Asia (“BPEA” or the “Firm”) confirms the final closing of its seventh private equity fund, The Baring Asia Private Equity Fund VII (“Fund VII” or the “Fund”). The Fund was raised in 2019 and closed at its hard cap, with total capital commitments of US$6.5 billion.
Fund VII exceeded its target by $1 billion and is over 60% larger than its predecessor fund, The Baring Asia Private Equity Fund VI (“Fund VI”). At $6.5 billion, the Fund is one of the largest funds raised by an Asian-headquartered private equity firm.
Fund VII received strong support from BPEA’s existing investors and attracted a large number of new global institutions. The majority of the capital was raised from pension funds and sovereign wealth funds, including many of the largest sovereign wealth funds in the Asia Pacific region.
Fund VII will execute the same strategy as Fund VI, with a focus on mid- and large-cap buyouts across the Asia Pacific region, as well as investing in companies globally that can benefit from further expansion into Asia Pacific. The target sectors for investments include healthcare, education, IT services & software, business services, financial services, consumer, and advanced manufacturing.
Jean Eric Salata, CEO and Founding Partner, commented: “We are extremely grateful to our investors who have entrusted us with their capital. During our history of investing in Asia over the last 23 years we have seen a transformation in the scale and quality of businesses in the region and Asian private equity now operates on a global scale. We have conviction that the higher rates of growth in the region and maturing market opportunity will continue to offer superior returns to investors in the coming years.”
Campbell Lutyens acted as global placement agent and Debevoise & Plimpton acted as legal counsel.
For further details please contact:
+852 3758 2686
Baring Private Equity Asia (BPEA) is one of the largest and most established private alternative investment firms in Asia, with total committed capital of over US$20 billion. The firm runs a private equity investment program, sponsoring buyouts and providing growth capital to companies for expansion or acquisitions with a particular focus on the Asia Pacific region, as well as investing in companies globally that can benefit from further expansion into the Asia Pacific region. BPEA also manages dedicated funds focused on private real estate and private credit. The firm has a 23-year history and over 180 employees located across offices in Hong Kong, China, India, Japan, Singapore, Australia, and the US. BPEA currently has over 40 portfolio companies active across Asia with a total of 224,000 employees and sales of approximately US$39 billion.
For more information, please visit www.bpeasia.com