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PAG

Private EquityActive

Founded in 2002, PAG (formerly known as Pacific Alliance Group) is now one of the regionвАЩs largest Asia-focused investment managers with

Tokyo, JapanFounded 2002pag.com/en/
18
Investments
10
Exits
$50B
AUM
55.6%
Exit Rate

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Investment Thesis & Strategy

PAG, a private equity firm, invests across various stages in venture capital, fintech, and real estate companies, focusing on the Asian market.

Investment Activity

Deals per year over the last 6 years

1
2016
3
2017
1
2018
2
2019
2
2020
3
2021

Portfolio Companies

Selected investments from their portfolio of 18 companies

W
WM Motor
Transportation · Growth, 2021
Active
F
Full Truck Alliance
Transportation · Growth, 2021
Active
H
Hygeia Healthcare Holdings
Healthcare · Growth, 2021
Active
D
Dada Nexus
E-commerce · Growth, 2020
Active
G
GDS Holdings
Real Estate · Growth, 2020
Active
G
Global Switch
Real Estate · Growth, 2019
Active
C
China Feihe
Food & Beverage · Growth, 2019
Active
W
WeDoctor
Healthcare · Growth, 2018
Active
B
Belle International
Consumer · Growth, 2017
Active
S
Sunac China Holdings
Real Estate · Growth, 2017
Active
i
iQIYI
Media/Content · Growth, 2017
Active
C
Cainiao
Logistics · Series C+, 2016
Active

Notable Exits

CompanyTypeYearValue / Acquirer
Pizza Hut ChinaAcquisition2016
Yum ChinaIPO2016
Wanda Cinema LineIPO2015
Sunac China HoldingsIPO2007
Belle InternationalIPO2007
China Pacific InsuranceIPO2007
Hengan InternationalIPO2006
China Mengniu DairyIPO2004
CNOOCIPO2001
AsiaInfoIPO2000

Frequently Asked Questions

PAG focuses on Series B, Series C+ stage investments.

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