Asia Fund

currencyBaring Private Equity Asia recently announced it had raised $3.99 billion for its sixth Asia fund. This is the second largest private equity funding that has ever been ascertained for Asia and is the mark of movement by investors to seek out opportunities in the region. It is also 60 percent larger than what was raised in the previous fund, exceeding its $3.3 billion target.

In 2014 the Carlyle Group raised $3.9 billion for its fourth Asia fund. But in 2013, KKR & Co. raised $6 billion.

The Baring Private Equity fund will target companies in Asia, and those around Europe and North America focused on enhancing their presence in Asia.