PAG’s private equity team creates value in partnership with strong businesses. We seek out companies with leading market positions, proven performance, committed management teams and great potential.

PAG invests to make a lasting impact on the companies we work with, leveraging our operational expertise, strategic insights and access to capital to build robust organizations with strong returns. We are dedicated partners in growth, focused on supporting management in building their businesses and achieving long-term strategic goals. We believe that this approach consistently delivers the best outcomes for our portfolio companies and investors alike.

Our thematic approach to investing across target sectors is backed by long industry experience and deep local networks.

Our sector focus and expertise span:

Consumer

Technology, media & entertainment

Healthcare

Financial services

Business products & services

Our
portfolio

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


Baosteel Gases
Name
Baosteel Gases

Baosteel Gases is one of China’s largest industrial gas companies.

www.baosteelgases.com
Location
China
Year
2019
Status
Active
Fund
PAG Asia II, PAG Asia III
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
Year
2019
Status
Active
Fund
PAG Asia II
Hisun BioRay
Name
Hisun BioRay

Hisun 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.

Location
China
Year
2019
Status
Active
Fund
PAG Asia III, PAG Growth I
Lexin Fintech
Name
Lexin Fintech

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

ir.lexinfintech.com
Location
China
Year
2019
Status
Active
Fund
PAG Asia III
Lily English
Name
Lily English

Lily English is one of China’s fastest-growing online and offline English language tutoring programs.

www.lilyenglish.com
Location
China
Year
2019
Status
Active
Fund
PAG Asia II, PAG Asia III
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
China
Year
2018
Status
Active
Fund
PAG Growth I
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
Year
2018
Status
Active
Fund
PAG Asia II
New Carzone
Name
New Carzone

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

gw.carzone.cn
Location
China
Year
2018
Status
Active
Fund
PAG Growth I
Sinopharm Rosino
Name
Sinopharm Rosino

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

Location
China
Year
2018
Status
Active
Fund
PAG Growth I
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
China, Latvia
Year
2017
Status
Active
Fund
PAG Asia II
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
Year
2017
Status
Active
Fund
PAG Asia II
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
China
Year
2017
Status
Active
Fund
PAG Growth I
Samoyed Financial Services
Name
Samoyed Financial Services

Samoyed Financial is a leading online consumer finance company serving credit proven millennial consumers.

www.smyfinancial.com
Location
China
Year
2017
Status
Active
Fund
PAG Growth I
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
China
Year
2017
Status
Active
Fund
PAG Asia II
The Cheesecake Shop
Name
The Cheesecake Shop

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

www.cheesecake.com.au
Location
Australia
Year
2017
Status
Active
Fund
PAG Asia II
Yingde Gases Group
Name
Yingde Gases Group

Yingde is China's largest independent supplier of industrial gases.

www.yingdegas.com
Location
Hong Kong
Year
2017
Status
Active
Fund
PAG Asia II
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.

Location
China
Year
2016
Status
Active
Fund
PAG Asia I
Golden Apple Education Group
Name
Golden Apple Education Group

Golden Apple is a leading kindergarten and primary school operator in Chengdu, China.

www.ga-education.com
Location
China
Year
2016
Status
Active
Fund
PAG Asia II
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
Year
2016
Status
Active
Fund
PAG Asia II
Jilin Yinglian Biopharmaceutical Co. Ltd
Name
Jilin Yinglian Biopharmaceutical Co. Ltd

Yinglian is a nationally distributed manufacturer of cardiovascular and central nervous system drugs in China.

www.jlylsw.com
Location
China
Year
2015
Status
Active
Fund
PAG Asia I
Shenzhen Qianhai Dashu Financial Services Co. Ltd
Name
Shenzhen Qianhai Dashu Financial Services Co. Ltd

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

www.dashuf.com
Location
China
Year
2015
Status
Active
Fund
PAG Asia I
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
Year
2015
Status
Active
Fund
PAG Asia I
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
Year
2014
Status
Active
Fund
PAG Asia I
Herald Pacific Financial Leasing Co. Ltd
Name
Herald Pacific Financial Leasing Co. Ltd

Herald Pacific Leasing is one of China's leading auto leasing companies.

www.xftm.com
Location
China
Year
2013
Status
Active
Fund
PAG Asia I
Tencent Music Entertainment Group
Name
Tencent Music Entertainment Group

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

y.qq.com
Location
China
Year
2013
Status
Active
Fund
PAG Asia I
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
Year
2013
Status
Exited
Fund
PAG Asia I
Relay Automotive Group Holding Ltd
Name
Relay Automotive Group Holding Ltd

Relay automotive group provides fast-fit, detailing and aftermarket automotive services for China's growing automotive market.

www.ntscar.com
Location
China
Year
2012
Status
Active
Fund
PAG Asia I
No results available, please try again

Our private
equity funds

PAG Asia III LP

PAG Asia III LP is the firm’s third buyout-focused pan-Asian private equity fund. The fund closed in 2018 with US$6 billion in capital commitments.

PAG Growth I LP

PAG Growth I is the firm’s first growth-focused private equity fund. The fund targets significant minority positions in high-performing companies in Greater China, with an emphasis on technology-enabled sectors including financial services and healthcare. The fund closed in 2018 with US$350 million in capital commitments.

PAG Asia II LP

PAG Asia II LP is the firm’s second buyout-focused pan-Asian private equity fund, following a largely similar investment thesis as its successful predecessor fund, PAG Asia I LP. The fund closed in 2016 with US$3.6 billion in capital commitments.

PAG Asia I LP

PAG Asia I LP is the firm’s first buyout-focused pan-Asian private equity fund, focusing on investments across sectors including retail, pharmaceuticals, auto services, industrials, financial services and media/entertainment. The fund closed in 2012 with US$2.5 billion in capital commitments.

PAG uses cookies to run our site and improve its usability.
By using our site you agree to our use of cookies as outlined in our privacy policy