DFX Intelligence
Private Equity Intelligence
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Firms / P••
P••
PAG is a leading alternative investment firm focused on APAC with principal offices in Tokyo, Hong Kong and Singapore. We invest across three core strategies: Credit & Markets, Private Equity, and Real Assets.
Classification
- Class
- Buyout firmprobable, confidence 80%
- Basis
- own website statement
- Size band
- Upper middle marketdefined by: proxy: $24.22bn Private Equity Fund GAV on the Form ADV filed 2024-08-30
- Strategies
- GROWTH EQUITY, PRIVATE CREDIT, SPECIAL SITUATIONS
Classification history (2)
- Sep 13, 2026Buyout firm (probable, 80%, cls-pe-1)own website statement“PAG Private Equity established as a buyout focused private equity business”p••.com
- Sep 13, 2026Buyout firm (confirmed, 85%, cls-pe-1)R6: 29 of 58 distinct vehicles are sworn Private Equity Funds; 20 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)
- Adviser type
- exempt reporting adviser
- Form ADV filings
- Mar 29, 2012 to Aug 30, 2024
- RAUM
- unknownregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 20
- PE fund GAV, latest filing
- $24Breported gross assets (Form ADV), not fund size
- All private fund GAV
- $32Bevery private fund type, latest filing
- 2024 PE fund GAV
- $24Bsum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 50%
- Fund type mix
- filed 2024-08-30, latest gav Hedge Fund $4.2B, Real Estate Fund $3.1B, Private Equity Fund $24B, latest counts Hedge Fund 4, Real Estate Fund 8, Private Equity Fund 20, lifetime distinct Hedge Fund 7, Real Estate Fund 22, Private Equity Fund 29
- Employees
- unknown
- Headquarters
- Grand Cayman, Cayman Islands
- Office address
- 2F HARBOUR PLACE, Grand Cayman, KY1-1106
- Business phone
- 345-949-0699
Stated criteria beside observed behaviour
no observed deals yet
Stated by the firm
- Sectors
- energy, infrastructure, real estate, healthcare, technology, consumer, financial services, media telecom, education, food beverage, manufacturing, franchising, transportation logistics, life sciences
- Geography
- Asia, United States, Global
- Revenue
- not stated or not yet read
- EBITDA
- not stated or not yet read
- Enterprise value
- not stated or not yet read
- Equity check
- not stated or not yet read
- Control
- control,majority,minority
- Thesis
- PAG Credit & Markets launched its Capital Structure Opportunity Fund (CSO) to invest in the Asia convertible bond universe
Observed from deals on record
Nothing observed yet. Behaviour is computed from transactions and portfolio relationships, which have not been collected for this firm.
Funds
29 on record
| Fund | Vehicle | Vintage | Reported gross assets (Form ADV), not fund size | GAV by year | Form D sold | Lifecycle |
|---|---|---|---|---|---|---|
| P•• A••• I• L• ADV: Private Equity Fund | buyout or unlabelled | 2023 first reported on Form ADV | $1.6B as of Aug 30, 2024 | no Form D | Early deployment | |
| P•• C•••• C••••• D••••••••• F••• L• ADV: Private Equity Fund | Credit fund | 2023 first reported on Form ADV | $569M as of Aug 30, 2024 | no Form D | Unknown | |
| P•• L••• F••• V• L• ADV: Private Equity Fund | Credit fund | 2022 first reported on Form ADV | $2.1B as of Aug 30, 2024 | no Form D | Early deployment | |
| P•• E••••••• C••••• F••• I•• L• ADV: Private Equity Fund | Credit fund | 2022 first reported on Form ADV | $1.4B as of Aug 30, 2024 | no Form D | Early deployment | |
| P•• G••••• I• L• ADV: Private Equity Fund | Growth fund | 2022 first reported on Form ADV | $269M as of Aug 30, 2024 | no Form D | Early deployment | |
| P•• S•••••• S••••••••• F••• 3•• L••• ADV: Private Equity Fund | Special situations fund | 2021 first reported on Form ADV | $354M as of Aug 30, 2024 | no Form D | Unknown | |
| P•• B•• F••• I• L••• ADV: Private Equity Fund | buyout or unlabelled | 2020 first reported on Form ADV | $1.3B as of Aug 30, 2024 | no Form D | Unknown | |
| P•• A••• L••• F••• I• L••• ADV: Private Equity Fund | Credit fund | 2020 first reported on Form ADV | $1.1B as of Aug 30, 2024 | no Form D | Unknown | |
| P•• S•••••• S••••••••• F••• I•• L••• ADV: Private Equity Fund | Special situations fund | 2020 first reported on Form ADV | $555M as of Aug 30, 2024 | no Form D | Harvest | |
| P•• A••• I•• L• ADV: Private Equity Fund | buyout or unlabelled | 2019 first reported on Form ADV | $6.7B as of Aug 30, 2024 | no Form D | Mature | |
| P•• E••••••• C••••• F••• I• L••• ADV: Private Equity Fund | Credit fund | 2019 first reported on Form ADV | $75.7M as of Aug 30, 2024 | no Form D | Harvest | |
| P•••• I• L• ADV: Private Equity Fund | buyout or unlabelled | 2019 first reported on Form ADV | $5.0M as of Mar 29, 2019 | no Form D | Wound down | |
| P•• G••••• I• F••• ADV: Private Equity Fund | Growth fund | 2018 first reported on Form ADV | $380M as of Aug 30, 2024 | no Form D | Harvest | |
| P•• B•• F••• ADV: Private Equity Fund | buyout or unlabelled | 2018 first reported on Form ADV | $217M as of Aug 30, 2024 | no Form D | Harvest | |
| P•• C•••• S•••••• S••••••••• F••• L••• ADV: Private Equity Fund | Special situations fund | 2018 first reported on Form ADV | $108M as of Aug 30, 2024 | no Form D | Harvest | |
| P•• A••• L••• F••• I•• L••• ADV: Private Equity Fund | Credit fund | 2017 first reported on Form ADV | $547M as of Aug 30, 2024 | no Form D | Harvest | |
| P•• E••••••• C••••• F••• L••• ADV: Private Equity Fund | Credit fund | 2017 first reported on Form ADV | $21.1M as of Sep 28, 2021 | no Form D | Wound down | |
| P•••• A• C••••••••• F••• L••• ADV: Private Equity Fund | Co-investment vehicle | 2017 first reported on Form ADV | $0 as of Nov 1, 2017 | no Form D | Wound down | |
| P•••• A• C••••••••• F••• L••• ADV: Private Equity Fund | Co-investment vehicle | 2017 first reported on Form ADV | $0 as of Nov 1, 2017 | no Form D | Wound down | |
| P•• A••• I• L• ADV: Private Equity Fund | buyout or unlabelled | 2016 first reported on Form ADV | $6.0B as of Aug 30, 2024 | no Form D | Mature | |
| P•• A••• S•••••• S••••••••• F••• I• L••• ADV: Private Equity Fund | Special situations fund | 2015 first reported on Form ADV | $114M as of Aug 30, 2024 | no Form D | Harvest | |
| P•• A••• L••• F••• I• L••• ADV: Private Equity Fund | Credit fund | 2015 first reported on Form ADV | $1.3M as of Sep 28, 2021 | no Form D | Wound down | |
| P•• A••• L••• F••• L••• ADV: Private Equity Fund | Credit fund | 2013 first reported on Form ADV | $1.0M as of Aug 30, 2024 | no Form D | Harvest | |
| P•• A••• I• L• ADV: Private Equity Fund | buyout or unlabelled | unknown | $772M as of Aug 30, 2024 | no Form D | Harvest | |
| P•••••• A••••••••• S•••••• S••••••••• F•••• L••• ADV: Private Equity Fund | Special situations fund | unknown | $390M as of Nov 1, 2017 | no Form D | Wound down | |
| P•••••• A••••••••• S•••••• S••••••••• F••• L••• ADV: Private Equity Fund | Special situations fund | unknown | $279M as of Nov 1, 2017 | no Form D | Wound down | |
| A•• C•••••• H••••••• L•••••• ADV: Private Equity Fund | buyout or unlabelled | unknown | $256M as of Jul 1, 2014 | no Form D | Wound down | |
| P•••••• A••••••• A••• S•••••• S••••••••• F•••• L••• ADV: Private Equity Fund | Special situations fund | unknown | $122M as of Aug 30, 2024 | no Form D | Mature | |
| P•••••• A••••••• I•• L••• ADV: Private Equity Fund | buyout or unlabelled | unknown | $1.8M as of Jul 3, 2013 | no Form D | Wound down |
Team
6 current, 33 former
Partner (1)
- D•••• R•• C•••• · Shareholder · since Dec 1, 2022 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
Principal (3)
- C••••••••• M••••• G••••• · Director (Pag) · since Jul 1, 2010 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- J•• P••• T•••••• · Director (Pag) · since Dec 1, 2010 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- W•••••• S••• · Director 07/2010 And Chairman 10/2010 And Shareholder 03/2011 (Pag) · since Jul 1, 2010 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
Platform (2)
- K•••• Y•• L••• C••• · Group Head Of Compliance (Pag) · since Jan 1, 2017 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- T•••••• M••••••• G•••••• · Group General Counsel (Pag) · since Apr 1, 2024 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
33 former (kept with end dates)
- H•••• J•••••• F•••• G••••• · Shareholder · Jun 1, 2008 to May 16, 2018 Inference
- G•••••• R••••• S•••••• · Group General Counsel (Pag) · May 1, 2022 to Aug 30, 2024 Inference
- H••••• J••• V••••••• · Chief Compliance Officer (Pag Holdings L••••••) · Dec 1, 2010 to Mar 31, 2017 Inference
- J•• R••••• L•••• · General Counsel (Pag) · May 1, 2022 to Jan 19, 2023 Inference
- A••• K•••• G••••• · Director (Sc Investment Advisors Pte. Ltd.) · Apr 1, 2011 to Mar 30, 2015 Inference
- A•••••• M••••• M••••• · Director (Pag Holdings L••••••) · Dec 1, 2010 to Jan 12, 2023 Inference
- C••• K•••• T•• · Director (Pag Investment Advisors Pte. Ltd.) · Aug 1, 2012 to Mar 31, 2017 Inference
- D••••• A••••• C•••••• · Director (Pag Holdings L••••••) · Mar 1, 2014 to May 16, 2018 Inference
- D•••• G••••••• T••••••• · Director Pag A••• Alpha Gp L•••••• · Oct 1, 2015 to May 16, 2018 Inference
- D•••• J••••• K•• · Director (Pag Investment Consulting (Beijing) Co., Ltd.) · Feb 1, 2012 to May 16, 2018 Inference
- D•••• S•••••• · Director (Pag A••• Capital Gp I L••••••) · Feb 1, 2012 to Mar 30, 2015 Inference
- G•••••• M•••••• S••••••• · Director (Sc Investment Advisors Pte. Ltd.) · Aug 1, 2011 to Mar 27, 2013 Inference
- J••• K•••• · Director Pag Investment Advisors Pte Ltd · Apr 1, 2015 to May 16, 2018 Inference
- J••• J••••• S• · Director (Pag Holdings L••••••) · Dec 1, 2010 to Mar 28, 2014 Inference
- J••• B•••••• A••••• A•••••••• · Director (P•••••• A••••••• Group Asset Management L••••••) · Jul 1, 2011 to May 16, 2018 Inference
- J••• D•••••• W•••••• · Director Pal Ii Gp I L•••••• · Mar 1, 2015 to May 16, 2018 Inference
- J•• D•••••••• · Director (Pag Investment Management L••••••) · Mar 1, 2009 to May 16, 2018 Inference
- J•• M• · Director (Pag Yayu Chongqing Capital Management L••••••) · Jan 1, 2015 to May 16, 2018 Inference
- N••• P•••••• W•••• · Director Pal Ii Gp I L•••••• · Jul 1, 2017 to May 16, 2018 Inference
- P•••••• J•••• B••• · Director (P•••••• A••••••• Real Estate L••••••) · Aug 1, 2007 to May 16, 2018 Inference
- P•••• J•••• R•••• · Director P•••••• A••••••• S•••••• S••••••••• Management L•••••• · Jul 1, 2013 to May 16, 2018 Inference
- R•••••• C•••••• B••• · Director (Pag Holdings L••••••) · Jul 1, 2010 to Jan 12, 2023 Inference
- R•••••• I•• W••• · Director (P•••••• A••••••• Group Asset Management L••••••) · Jul 1, 2011 to May 16, 2018 Inference
- R••••• C••••••••• K•••• · Director (P•••••• A••••••• Group Asset Management L••••••) · Jul 1, 2011 to May 16, 2018 Inference
- R••••• F•••••• G•••• · Director Pag A••• Alpha Gp L•••••• · Oct 1, 2015 to May 16, 2018 Inference
- T•• W•• W••• · Director (Pag Yayu Chongqing Capital Management L••••••) · Dec 1, 2011 to Mar 30, 2015 Inference
- T••••• L••••• W••••••• · Director (Pag Real Estate Gp L••••••) · Oct 1, 2017 to May 16, 2018 Inference
- W•• L• · Director (Pag Yayu Chongqing Capital Management L••••••) · Dec 1, 2011 to Mar 30, 2016 Inference
- W•• C•••• · Director (Pag (S•••ghai) Investment Consulting Co. Ltd.) · Nov 1, 2014 to May 16, 2018 Inference
- Y•• W• F••• · Director (P•••••• A••••••• Investment Management (Hk) L••••••) · Aug 1, 2011 to May 16, 2018 Inference
- Y•• C••••• · Director Arc Advisors (Hk) L•••••• · Mar 1, 2012 to May 16, 2018 Inference
- Z••• X• · Director (Pag Yayu Chongqing Capital Management L••••••) · Dec 1, 2011 to Mar 30, 2016 Inference
- Z•••••• L•• · Director (P•••••• A••••••• Investment Management (Hk) L••••••) · May 1, 2006 to May 16, 2018 Inference
Portfolio
0 relationships, 0 platforms, 0 add-ons
No portfolio relationship collected for this firm yet. They arrive from the firm’s portfolio page, deal announcements and filings.
Transactions
0 on record
No transaction naming this firm has been collected yet. The deal tape is read from SEC filings and cited announcements.
Placement agents, lenders, advisers and co-investors
4 relationships
Placement agents (4)
- M•••••••• F•••• A• 2 shared · recurring · last Jan 1, 2022
- L••••• F••••• • C•• L•• 2 shared · recurring · last Jan 1, 2023
- P••• H••• G•••• L•• 2 shared · recurring · last Jan 1, 2019
- P•• P••••••• L• 1 shared · one time · last Jan 1, 2022
LP commitments
7 disclosed
- C••••••••• P••••• E••••••••• R••••••••• S••••• in P•• A••• I• L• $100M calpers.ca.gov
- C••••••••• P••••• E••••••••• R••••••••• S••••• in P•• A••• I•• L• $380M calpers.ca.gov
- W••••••••• S•••• I••••••••• B•••• in P•• A••• I• L• $150M sib.wa.gov
- W••••••••• S•••• I••••••••• B•••• in P•• A••• I•• L• $350M sib.wa.gov
- C••••••••• S•••• T•••••••• R••••••••• S••••• in P•• A••• I• L• $125M calstrs.com
- C••••••••• S•••• T•••••••• R••••••••• S••••• in P•• A••• I• L• $150M calstrs.com
- C••••••••• S•••• T•••••••• R••••••••• S••••• in P•• A••• I•• L• $250M calstrs.com
Events
2 most recent
- Mar 31, 2026Pag: Private Equity Funds on Form ADV 20 (2024 extract) -> 22 (roster 2026-09-01)
- Mar 29, 2012Pag first filed Form ADV in the extract (ERA)
Across the graphs
P•• is the same institution as 2 records in Allocators and Real Estate Funds.
Allocators1Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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