|AUM||$30 billion (2019)|
PAG (formerly known as Pacific Alliance Group, 太盟投资集团) is an Asia-focused investment management firm founded in 2002. The company’s headquarter is based in Hong Kong. As of 2019, PAG had more than US$30 billion in assets under management, focusing on private equity, real estate, and absolute returns.  The company is known for large-scale buyouts, control deals, and structured minority investments. In 2018, The Blackstone acquired a minority stake in PAG.  In 2020, PAG announced to invest up to $8 billion in Japan real estate.
- Staff, Reuters (January 5, 2016). "HK-based PAG raises $3.6 bln for 2nd Asia private equity fund" – via www.reuters.com.
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- "Blackstone Takes Minority Stake in Hong Kong's PAG". Mingtiandi. March 26, 2018.
- "Asia-focused PAG to invest up to $8bn in Japan real estate". Nikkei Asia.
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