PAG

Q: When was PAG last fund created?

PAG last fund was created/launched in 2022-12-13.

General contacts

Investor type

PE / VC

Founded

2002

AUM

$14 500 M

Location

Hong Kong, Hong Kong, Hong Kong

Investment Ticket

$1-5 m

Investment Stage

Series B Late Stage (Series C+)

Region of investment

North America Asia

Investor profile last updated: 24 August, 2026

Profile

PAG is a leading private equity firm based in Hong Kong, founded in 2002. The firm focuses on alternative investments across the Asia-Pacific region, with principal offices in Tokyo, Hong Kong, and Singapore. PAG employs over 350 investment professionals across 15 global offices, managing more than USD 55 billion in assets. The firm is known for its strategic approach to investments, leveraging a deep network of local expertise.

PAG invests in a diverse range of sectors including business products, consumer services, financial services, healthcare, technology, media, and education. The firm operates through three core strategies: Credit & Markets, Private Equity, and Real Assets. PAG typically engages in growth and buyout investments, with a focus on the APAC region. The firm manages several funds, including the PAG Loan Fund V and the Asia Buyout Fund.

Notable investments by PAG include Sapporo Real Estate Development - real estate services, To Lab - food products, White Cockatoo Hotel - hotels and resorts, ROKIT Healthcare - healthcare technology systems, and Accion Labs - IT consulting and outsourcing.

Industry

Semiconductors / Chips AI Security Real Estate Oil and Gas Financial Services Food and Beverage IT Services Media and Entertainment Business Services (B2B) Consumer Services (B2C) Education Healthcare Services Technology

PAG Funds

Name	Type	Industry	Stage	Region	Size	AUM	Launch date
PAG Loan Fund V	Private Equity (PE)	Real Estate	Series B Late Stage (Series C+)	Asia	$5-10 m	$2600 M	December 2022
Asia Buyout Fund (raising)	Private Equity (PE)		Late Stage (Series C+)	Asia	$100+ m	—	August 2026

Contacts

Name

Title

Social Networks

Weijian Shan Chairman & CEO, Managing Partner

Chairman & CEO, Managing Partner

w•••@•••

Chris Gradel Founder & CIO

Founder & CIO

c•••@•••

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Investment-team contacts for PAG — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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Contacts sourced from the firm's website and LinkedIn, re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

FAQs about PAG

Is PAG a venture capital or private equity firm?

PAG is a venture capital and private equity firm. It backs companies at Series B and Late Stage (Series C+), writing tickets of $1-5 m.

Where is PAG located?

PAG is located in Hong Kong, Hong Kong, Hong Kong.

When was PAG founded?

PAG was founded in 2002.

What sectors and industries does PAG invest in?

PAG invests in companies and startups in Semiconductors / Chips, AI, Security, Real Estate, Oil and Gas, Financial Services, Food and Beverage, IT Services, Media and Entertainment, Business Services (B2B), Consumer Services (B2C), Education, Healthcare Services, Technology.

What is PAG geographical focus of investments?

PAG invests in companies and startups in North America, Asia.

At what stages of companies and startups does PAG typically invest in?

PAG invests in companies and startups at Series B, Late Stage (Series C+).

What is the usual amount of PAG investment?

PAG usually invests $1-5 m on average.

What is the amount of assets of under management (AUM) for PAG?

PAG has around $14 500m assets under management.

When was PAG last fund created?

PAG last fund was created/launched in 2022-12-13

What are the contacts of PAG?

PAG can be reached through its website pag.com/en and its LinkedIn page. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for PAG — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

Can I access PAG data via API or MCP?

Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query PAG directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.

When was the PAG profile last updated?

Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 24 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.