Simpson Thacher represented Blackstone Strategic Capital Holdings in connection with its acquisition of a minority equity interest in PAG. Terms of the transaction were not disclosed.
PAG, based in Hong Kong, is one of the largest independent alternative asset firms in Asia, with more than US$20 billion in capital under management in private equity, absolute return and real estate strategies.
The Simpson Thacher team includes Maripat Alpuche, Matthew Rogers, Robert Meyer and Haley Garrett (M&A - NY); Tony King, Jonathan Hwang and Sonya Ho (M&A - HK); Rajib Chanda, Peter Gilman, Crystal Frierson, Beth Bates and Justin Thekkekara (Funds and Funds Compliance); Andrew Keller, Josh Bonnie, Will Golden and Benjamin Wells (Capital Markets); Gary Mandel, Drew Purcell and Brian Mendick (Tax); and Jamin Koslowe and Patricia Adams (Executive Compensation and Employee Benefits).