Private Equity Firm PAG Raises $2.6 Billion for Region’s Largest Private Credit Fund

(DealStreetAsia) — Hong Kong-headquartered alternative investment firm PAG has closed its fifth pan-Asian direct lending fund worth $2.6 billion, according to a company announcement on Tuesday.

The fund, dubbed PAG Loan Fund V, is the largest of its kind in Asia-Pacific to date, per the statement. It received capital commitments from 20 institutional investors, including sovereign wealth funds, pension funds, and endowments located in North America, Europe, the Middle East, and Asia-Pacific.