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. 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. Our team of investment professionals target 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:

Consumer & Retail

Business & Information Services

Financial Services

Healthcare

Industrials

Technology Services & Media

Our portfolio

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


Alternicq
Name
Alternicq

One of India's largest rigid plastic packaging manufacturers.

www.alternicq.com
Location
India
Status
Active
Australian Venue Co.
Name
Australian Venue Co.

Australian Venue Co. is one of the largest food and beverage focused pub groups in Australia and New Zealand, with a diverse portfolio of over 200 venues.

www.ausvenueco.com.au
Location
Australia / New Zealand
Status
Active
Shanghai Xingyi Cinema
Name
Shanghai Xingyi Cinema

Leading cinema chain in China.

www.bestarfilm.com
Location
Greater China
Status
Active
Yijiahao Cheese
Name
Yijiahao Cheese

A fast-growing consumer cheese brand in China.

Location
Greater China
Status
Active
Patties Foods
Name
Patties Foods

Patties Foods is a leading food manufacturer known for some of Australia’s best-loved brands, including Four’N Twenty, Herbert Adams, Boscastle and Nanna’s, and Leader.

www.pattiesfoodgroup.com/
Location
Australia / New Zealand
Status
Active
iQIYI
Name
iQIYI

iQIYI, Inc. is a leading provider of online entertainment video services in China, with a daily subscriber base of more than 100 million.

www.iq.com
Location
Greater China
Status
Active
Shandong Fengxiang
Name
Shandong Fengxiang

Shandong Fengxiang, operating under the brand Fovo Foods, is one of the largest fully integrated white-feather chicken producers in China.

fengxiang.com
Location
Greater China
Status
Active
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.

www.huistenbosch.co.jp/
Location
Japan
Status
Active
The Cordina Group
Name
The Cordina Group

Vertically integrated poultry processor in Australia.

www.cordina.com.au
Location
Australia / New Zealand
Status
Exited
TLC
Name
TLC

Clinical-stage specialty pharmaceutical company dedicated to the development and commercialization of best-in-class novel nanomedicines.

www.tlcbio.com/en
Location
Greater China
Status
Active
Acme Formulation
Name
Acme Formulation

Leading contract development and manufacturing outsourcing company focused on complex pharmaceuticals in India.

www.acmegenerics.in
Location
India
Status
Active
%Arabica
Name
%Arabica

Fast-growing global premium coffee brand.

arabica.com/en/
Location
Global
Status
Active
Digital Communications Group
Name
Digital Communications Group

A leading digital service provider for traditional book publishers in China.

www.dcrays.cn
Location
Greater China
Status
Active
Newland Commercial Management Group
Name
Newland Commercial Management Group

World's largest mall operator based on gross floor area under management.

www.nlcm.cn/
Location
Greater China
Status
Active
Eyedeal
Name
Eyedeal

A leading developer of innovative eyecare medical devices.

www.eyedeal.com/en
Location
Greater China
Status
Active
Nuvama Wealth Management
Name
Nuvama Wealth Management

Integrated wealth management platform in India.

www.nuvama.com
Location
India
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 / New Zealand
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
Exited
Rongchang Pharmaceuticals
Name
Rongchang Pharmaceuticals

A pharmaceutical group specializing in the manufacture and commercialization of traditional Chinese medicine, innovative biologics development, and biological CDMO services.

www.rongchang.com
Location
Greater China
Status
Active
Rosino
Name
Rosino

A healthcare-focused financial leasing business under Sinopharm Group, China's largest pharmaceutical distributor.

www.sinopharmholding-fl.com
Location
Greater China
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
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
Southeast Asia
Status
Exited
The Cheesecake Shop
Name
The Cheesecake Shop

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

www.cheesecake.com.au
Location
Australia / New Zealand
Status
Exited
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
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
Exited
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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