In the news

PAG Closes USD1.8 Billion PREP III Real Assets Fund

PREP III is the largest Asia Pacific-focused core-plus/value added office fund to close year-to-date

PAG Announces New Sustainability-Linked Subscription Line Credit Facility

Largest facility of its kind for a private credit fund in Asia-Pacific enables both enhanced investor returns and positive ESG impact

PAG and Mapletree Investments to Acquire Goldin Financial Global Centre

PAG, a leading investment firm focused on the Asia-Pacific region, and Mapletree Investments Pte Ltd (“Mapletree”), a global real estate development, investment, capital and property management company, announced today that they have entered into an agreement to form a 50/50 joint venture to acquire Hong Kong SAR ’s Goldin Financial Global Centre (“GFGC”) from the receivers for HKD5.6 billion (USD713 million).

PAG Portfolio Company BioRay Pharmaceutical Announces USD218 Million Strategic Financing Round

BioRay Pharmaceutical Co., Ltd., the leading autoimmune-focused biopharmaceutical firm in China, announces it has entered into final agreements for a strategic round of financing of over RMB1.5 billion (USD218 million) at a pre-money valuation of RMB13 billion (USD1.9 billion).

iQIYI Announces Closing of Private Placement of Convertible Notes to PAG

iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced the closing of a private placement of US$500 million in secured convertible senior notes (the "Notes") to PAGAC IV-1 (Cayman) Limited, an affiliate of PAG, an investment firm focused on the Asia Pacific region (the "Investor").

PAG Announces Closing of USD2.6 Billion Private Credit Fund

PAG Loan Fund V is the largest direct lending fund in Asia to date.

AyalaLand Logistics Holdings and FLOW Digital Infrastructure partner for data center development in the Philippines

Pursuant to the framework agreement signed last May 6, 2022 to develop and operate carrier-neutral data centers across the Philippines, AyalaLand Logistics Holdings Corp. (“ALLHC”; PSE: ALLHC) and FLOW Digital Infrastructure (“FLOW”) entered into agreements to commence the activities of the intended joint venture partnership.

PAG-led API Platform completes acquisition of controlling stake in Optimus

PAG, a leading global investment firm, announced today that its private equity strategy, along with consortium partners CX Partners and Samara Capital, has completed the acquisition of a controlling stake in the Optimus Group, a Hyderabad, India-based pharmaceutical firm, through the API platform, Sekhmet Pharmaventures.

PAG Closes Sustainability-linked Loan Facility

PAG, a leading investment firm focused on Asia Pacific, today announced it has established a Sustainability Linked Loan (“SLL”), the first to be supported by a Sustainability-Linked Financing Framework in the Asian private equity market.

PAG to Acquire Patties Foods and Vesco Foods

PAG, a leading investment firm focused on the Asia-Pacific region, announced today that it has entered into agreements to acquire Patties Foods (“Patties”) and Vesco Foods (“Vesco”), subject to regulatory approvals.