Germany's DEG commits $30m to HK-based PAG's second growth fund

Germany's DEG commits $30m to HK-based PAG's second growth fund

Photo: Ryan McManimie / Unsplash

DEG, a unit of German state development bank KfW, has made a capital commitment of $30 million to Hong Kong-based alternative investment management group PAG’s second growth-focused private equity vehicle, PAG Growth Fund II.