Farallon raises $1.12bn for Asia special sits fund

The fund will also invest in opportunities in Latin America.

US investment firm Farallon Capital Management has held a final close on its Asia and Latin America special situations fund on $1.12 billion, PDI sister title Private Equity International has reported.

Farallon Asia Special Situations III and Farallon Asia Special Situations Master III, collectively named FASS III, will focus on transitional acquisitions, recapitalisations and restructurings in the Asia-Pacific region.