Baring Private Equity Asia raises $2.46 bn for Fund V

Baring Private Equity Asia has raised USD 2.46 billion for its fifth fund, making it the largest private equity fund launched in Asia since the global financial meltdown in 2008. The Baring Asia Private Equity Fund V, L.P. was raised in less than five months, taking its total funds under management to $5 billion and making it one of the largest Asian PE firms. The PE firm has made over half-a-dozen investments in
India and has its office in Mumbai.

Baring Asia operates separately from Baring Private Equity Partners India, a country dedicated fund with assets under management of approximately $1 billion. Baring Asia will target companies in Greater
China, India, Japan, Singapore, South Korea or South East Asia.

Baring Asia, which was initially targeting $1.75 billion, closed at its hard cap and was heavily oversubscribed by more than $1 billion in excess commitments. The Fund is 60% larger than BPEA