Baring Private Equity raises $11.2 bln in its largest Asia buyout fund

BPEA's final close, which exceeded its $8.5 billion initial target is 70% more than its previous fund.

Hong Kong-based Baring Private Equity Asia (BPEA) has closed its eighth pan-Asia fund at $11.2 billion, the largest in the firm's history, the firm said in a statement on Tuesday.

Traders work the floor of the New York Stock Exchange during morning trading on August 15, 2022 in New York City. (AFP)

BPEA's final close, which exceeded its $8.5 billion initial target and is also 70% more than its previous fund, is also one of the largest private equity funds raised in Asia this year.