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Market Chatter: Investment Firm PAG Plans $4 Billion Buyout Fund

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Asia-focused investment firm PAG is planning to raise about $4 billion for a new buyout fund, Reuters reported Wednesday, citing three people familiar with the matter.

PAG has informed limited partners about the fundraising, though the final target size has not been set, according to the report.

The new fund could target between $4 billion and $5 billion, with an initial fundraising cutoff expected by year-end, the report added.

PAG did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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