On Nov. 11 PAG was recognized with three major awards by AVCJ, including Firm of the Year, Fundraise of the Year (for its PAG Asia III large-cap buyout fund) and Deal of the Year – Large Cap (for its acquisition of Baosteel Gases).
LexinFintech Announces US$300 Million Private Placement of Convertible Notes with PAG
LexinFintech Holdings Ltd., a leading fintech platform for educated young adults in China, today announced that it has entered into a convertible note purchase agreement with PAG, a leading Asia-focused private equity firm with over US$30 billion in capital under management, pursuant to which the Company will issue and sell convertible notes in an aggregate principal amount of US$300 million to PAG through a private placement.
PAG has acquired a controlling stake in leading biopharmaceuticals company Hisun BioRay for approximately US$540 million in the largest private equity investment in China's biotechnology industry to date
PAG Asia Capital Announces Close of Third Asia Buyout Fund
PAG, the leading private equity firm, announced today the closing of PAG Asia III L.P., its third Asia-focused private equity buyout fund, at a total of US$6 billion in capital commitments, after being in the market since June
PAG, the leading Asia-focused alternative asset manager, announces the closing of PAG Asia Loan Fund III LP, its third pan-Asia direct lending fund, at a total of US$950 million in capital commitments.