About PAG
PAG is a private equity firm founded in 2002. It is primarily based in China. As of Oct 2026, PAG is an active investor with a portfolio of 46 companies, comprising 46 funding rounds and 34 acquisitions. In the last 12 months, it has participated in 1 funding round and has made 1 acquisition. The firm primarily invests in companies based in China and United States. Its portfolio is spread across a wide range of sectors from Life Sciences to High Tech. Its latest investment was a $***** Post IPO round in ROKIT Healthcare on Mar 10, 2026 which also saw participation from Weiss Asset Management, Oasis and other investors.
Overall PAG portfolio has seen 12 IPOs and 6 acquisitions, namely IQiyi, Wanda Group and Orna. A lot of funds co-invest with PAG, with names like Advantech Capital sharing a substantial percentage of its portfolio.
PAG has a team of 95 people, including 33 partners.
Key Metrics
Founded Year
2002
Location
Portfolio Companies
Portfolio Sectors
Portfolio Locations
Investment Deals
PAG's Portfolio
PAG has a portfolio of 46 companies. They have invested in a total of 46 companies. Their most recent investment was in ROKIT Healthcare (Post IPO round) on Mar 10, 2026. Here are the most recent investments by PAG:Date | Company | Round | Amount | Co-Investors |
|---|---|---|---|---|
Mar 10, 2026 | Post IPO | 6472 | ||
Oct 08, 2025 | Post IPO | 9557 | ||
Aug 19, 2024 | Post IPO | 3238 | - | |
Aug 14, 2024 | Series B | 5218 |
PAG has acquired 34 companies. Their most recent acquisition was of サッポロ不動産開発 on Dec 24, 2025. Here are the most recent acquisitions by PAG:
Acquisition Date | Company | Short Description | Total Funding | Founded Year |
|---|---|---|---|---|
Dec 24, 2025 | Developer of commercial properties, hotels, and mixed-use facilities for lease | - | 1988 | |
Jul 31, 2025 | Integrated poultry producer offering safe, nutritious chicken products for global consumers | - | 1997 | |
Jan 10, 2025 | Provider of primary and secondary packaging solutions including cartons, labels, leaflets, and aluminum foil printing | - | 1999 | |
Nov 22, 2024 | Provider of rigid plastic packaging services | $23.2M | 1987 |
Here is the portfolio snapshot of PAG:
Investments by Year
The maximum number of investments were made in 2021
Acquisitions by Year
The maximum number of acquisitions were made in 2022
Portfolio by Location
Companies are primarily in China and United States
Portfolio by Sector
Companies are primarily in Life Sciences
Team profile of PAG
PAG has a team of 95 members including 33 Partners and 22 Principals located in China, Australia and 7 more locations. PAG's team sits on the board of 3 companies.Here is a list of top team members in PAG:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Hong Kong | - | - | |
Partner | Mumbai | Manjushree Technopack, Optimus and 1 more | ||
Partner | Hong Kong | - | ||
Partner | Hong Kong | - | ||
Partner | Japan | - | - | |
Partner | Jing an | - | ||
Partner | Sydney | - | ||
Partner | Jing'an | - | ||
Partner | Hong Kong | - | ||
Partner | Singapore | - |
Co-investors of PAG
Over the past 24 years, 52 investors have co-invested in PAG's portfolio companies.
- Top Co-investors of PAG: 52 investors entered a company along with PAG. These include investors like Advantech Capital (2 companies).
PAG News
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Bathla collapse rattles private creditFinancial Standard•Aug 26, 2026•360 Capital Group, MAFinancial, Centuria Capital, Bathla Group and 1 other
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Volkswagen in Advanced Talks to Sell Stake in India Business to JSW GroupMint•Jul 21, 2026•JSW Group, Skoda Auto Volkswagen India, Volkswagen Group, Volkswagen and 2 others
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BENTU Technology Seeks 4.95 Billion Yuan Compensation from PAG Asia Capital in LawsuitThe Paper•Jul 05, 2026•PAG, Pantum
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PAG Explores Relaunch of Stake Sale in Nuvama Wealth ManagementMoneycontrol•Jun 19, 2026•PAG, General Atlantic, Nuvama
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