PAG is a private asset manager for institutional investors. We do not provide investment advice or services for individual retail investors. We do not solicit or contact individual investors via chat, text or social messaging applications.

PAG’s private equity team invests in businesses with leading market positions, proven performance, committed management, and great potential. We have a successful track record of partnering with management to create substantial value.

PAG Private Equity (PAGPE) is comprised of PAG Asia Capital (PAGAC) and PAG Growth Capital (PAGGC).

PAG Asia Capital

PAGAC was established in 2011 and has a dedicated team of over 60 investment and operational professionals as of 31 December 2021. The team targets large-sized control, buyout and structured minority deals across APAC based on a disciplined set of underwriting criteria.

PAGAC is sector agnostic but has strong expertise in consumer & retail, technology, media & entertainment, business products & services, financial services, and healthcare. Our investment professionals have built deep expertise and relationships across these sectors, and are organized by a combination of geographic and industry focus.

PAG Growth Capital

PAGGC was established in 2017 and focuses on investing in “new economy” sectors in China, including healthcare, telecoms, media & technology (TMT), financial services, and education. The team of 13 investment professionals as of 31 December 2021 targets significant minority positions in companies with sustainable entry barriers or competitive advantages, strong management teams, and compelling intellectual property.

Our sector focus and expertise span:

Business products & services

Consumer & retail

Financial services

Healthcare

Technology, media & telecoms

Entertainment

Education

Our portfolio

Please find more information on select portfolio companies by clicking on the boxes below:


Huis Ten Bosch
Name
Huis Ten Bosch

Huis Ten Bosch is one of Japan’s largest theme parks, famous for its authentic recreations of traditional European-style cityscapes, popular festivals, musical events, and next-generation interactive entertainment.

english.huistenbosch.co.jp/
Location
Japan
Status
Active
NMS Group
Name
NMS Group

NMS Group is the largest oncological R&D company in Italy. With more than 1,400 patents and a history of over 50 years, it is a leading global player in the development of personalized anti-cancer therapies.

www.nmsgroup.it
Location
Europe
Status
Active
Optimus
Name
Optimus

Optimus is a vertically integrated manufacturer of pharmaceutical products including advanced intermediates, active pharmaceutical ingredients (APIs) and finished drugs.

https://optimuspharma.com/
Location
India
Status
Active
Acme Formulation
Name
Acme Formulation

Acme Formulation is one of the leaders in contract development and manufacturing outsourcing (“CDMO”), focused on complex pharmaceuticals such as injectables, hormones and other complex oral solid formulations for both India and global markets.

www.acmegenerics.in
Location
India
Status
Active
AirPower Technologies
Name
AirPower Technologies

AirPower Technologies is China's leading independent supplier of industrial gases. It was created in 2021 by a merger of two PAG portfolio companies, Yingde Gases and Baosteel Gases.

www.airpowertech.com
Location
Greater China
Status
Active
GYRO HOLDINGS
Name
GYRO HOLDINGS

GYRO HOLDINGS is an operator of restaurants mostly located in the greater Tokyo area of Japan, and manages over 90 brands across themed izakayas, full-service restaurants, and high-end restaurants.

www.gyro.holdings
Location
Japan
Status
Active
Inceptio
Name
Inceptio

Inceptio is a leading developer of autonomous trucks and AI solutions tailored to the long-haul heavy-duty cargo transportation industry.

www.inceptio.ai
Location
Greater China
Status
Active
Mobvista
Name
Mobvista

Mobvista is a leading mobile ad-tech and technology platform serving global mobile application developers.

www.mobvista.com
Location
Greater China
Status
Active
Regional Express
Name
Regional Express

Regional Express ("Rex") is Australia's largest independent regional and domestic airline.

www.rex.com.au
Location
Australia
Status
Active
TLC
Name
TLC

Taiwan Liposome Company (TLC) is a is a clinical-stage specialty pharmaceutical company dedicated to the development and commercialization of novel nanomedicines that combine its proprietary lipid-assembled liposome drug delivery platform with already approved and effective active pharmaceutical ingredients (APIs).

www.tlcbio.com
Location
Greater China
Status
Active
Unispace
Name
Unispace

Unispace is a global leader in office design and build services, with offices across Australia, New Zealand, the U.S. and Europe.

www.unispace.com
Location
Australia
Status
Active
Wanda Commercial Management Group
Name
Wanda Commercial Management Group

Zhuhai Wanda Commercial Management Group Inc (WCM) is the world's largest operator of shopping malls by gross floor area.

www.wandaplazas.com
Location
Greater China
Status
Active
Xunlian Cloud
Name
Xunlian Cloud

Xunlian Cloud is a leading China-based provider of financial and tax invoice management software.

www.xunliancloud.com
Location
Greater China
Status
Active
Anjan Drug
Name
Anjan Drug

Anjan Drug Private Limited is a market-leading producer of active pharmaceutical ingredients for epilepsy and other treatments.

anjandrug.net
Location
India
Status
Active
Nuvama Wealth Management
Name
Nuvama Wealth Management

Nuvama Wealth Management (formerly known as Edelweiss Wealth Management) is the second largest independent wealth manager in India with more than 200,000 active clients and US$13 billion under advisory.

www.edelweissfin.com
Location
India
Status
Active
Nayuki Tea
Name
Nayuki Tea

Nayuki Tea is a fast-growing premium tea chain in China with approximately 500 stores in more than 60 cities.

www.na-yuki.com
Location
Greater China
Status
Active
BioRay
Name
BioRay

BioRay is a large-scale, fully integrated biopharmaceutical company specializing in the development, manufacturing and sales of biologic drugs for auto-immune and oncology treatment areas.

www.bioraypharm.com/
Location
Greater China
Status
Active
Craveable Brands
Name
Craveable Brands

Craveable Brands is one of Australia's largest franchisors and operators of quick service restaurants including the Red Rooster, Oporto and Chicken Treat brands.

www.craveablebrands.com
Location
Australia
Status
Active
Lexin Fintech
Name
Lexin Fintech

LexinFintech is a leading online consumer finance company based in Shenzhen, China.

ir.lexinfintech.com
Location
Greater China
Status
Active
Alphamab Oncology
Name
Alphamab Oncology

Alphamab Oncology is an innovative biotech company focusing on the development and commercialization of biopharmaceuticals for treating cancer.

www.alphamabonc.com
Location
Greater China
Status
Active
Joyson Safety Systems
Name
Joyson Safety Systems

Joyson Safety Systems is one of the world's largest manufacturers of vehicular safety products.

www.joysonsafety.com
Location
Japan, United States
Status
Active
New Carzone
Name
New Carzone

New Carzone is a leading automotive aftermarket platform backed by Alibaba.

gw.carzone.cn
Location
Greater China
Status
Active
Sinopharm Rosino
Name
Sinopharm Rosino

Sinopharm Rosino is a provider of supply chain financing and services in the healthcare sector.

Location
Greater China
Status
Active
Food Union Group
Name
Food Union Group

Food Union Group is a leading dairy and ice cream producer in Northern Europe with expanding operations in China.

www.foodunion.com
Location
Greater China, Europe
Status
Active
Paradise Group Holdings Pte Ltd
Name
Paradise Group Holdings Pte Ltd

Paradise is a pan-Asian, multi-concept restaurant group with more than 70 outlets in nine countries.

www.paradisegroup.com.sg
Location
Singapore
Status
Active
Rongchang Pharmaceuticals
Name
Rongchang Pharmaceuticals

Rongchang Pharmaceuticals is a Chinese pharmaceutical conglomerate with business lines in biological drug development, biological CDMO, and traditional Chinese medicine.

www.rongchang.com
Location
Greater China
Status
Active
Sinopharm Leasing
Name
Sinopharm Leasing

Sinopharm Leasing is a healthcare-focused financial leasing business affiliated with Sinopharm Group, China’s largest pharmaceutical distributor, primarily serving hospitals and other public institutions.

www.sinopharmholding-fl.com
Location
Greater China
Status
Active
The Cheesecake Shop
Name
The Cheesecake Shop

The Cheesecake Shop is Australia's largest specialty cake retailer.

www.cheesecake.com.au
Location
Australia
Status
Exited
Zhenai.com
Name
Zhenai.com

Zhenai is China's largest online dating and matchmaking business by revenue.

www.zhenai.com
Location
Greater China
Status
Active
China Youran Dairy Holding Ltd
Name
China Youran Dairy Holding Ltd

Youran Dairy is one of China's largest dairy farming, feed farming and feed processing companies.

www.yourandairy.com
Location
Greater China
Status
Active
Lexmark International Inc.
Name
Lexmark International Inc.

Lexmark is a leading global provider of laser printers and printing solutions.

www.lexmark.com
Location
United States
Status
Active
Dashu Finance
Name
Dashu Finance

Dashu Finance is a leading provider of loan and credit services to small-to-medium commercial banks across China.

www.dashuf.com
Location
Greater China
Status
Active
Young Toys Inc.
Name
Young Toys Inc.

Young Toys is a South Korea-based manufacturer and distributor of toys and a global platform for branded children's content.

www.youngtoys.com
Location
South Korea
Status
Exited
Cushman & Wakefield
Name
Cushman & Wakefield

Cushman & Wakefield is one of the world's largest property services companies, with offices in 60 countries and 42,000 employees worldwide.

www.cushmanwakefield.com
Location
United States
Status
Active
Tencent Music Entertainment Group
Name
Tencent Music Entertainment Group

Tencent Music is the leading digital music and copyright administration business in China.

www.tencentmusic.com
Location
Greater China
Status
Exited
Universal Studios Japan
Name
Universal Studios Japan

Universal Studios Japan is the operator of one of Japan's largest and most popular theme parks.

www.usj.co.jp
Location
Japan
Status
Exited
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