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Baring Private Equity Asia closes on US$1B for real estate fund

Hong Kong-based private equity firm Baring Pvt. Equity Asia garnered a total of US$1 billion for BPEA Real Estate Fund II at its final close, PERE News reported.

The fund, which had an initial fundraising goal of US$750 million, will target diversified properties in Hong Kong, Japan, the Philippines, South Korea, Australia, Singapore, India, Thailand, Malaysia and China, according to the report.