Adam Furber~~Michael Ceulen~~Jingyi Wang~~Nancy Mehlman~~Brian Mendick~~Preston Irace~~Jonathan Hwang~~Benjamin Moh~~Jeanne Annarumma
January 24, 2026
PAG Closes First Renewable Energy-Focused Fund at $550 Million

1 min
AI-made summary
- Simpson Thacher advised PAG Real Assets on the formation and fundraising of PAG REN I, the firm's first fund dedicated to renewable energy
- PAG REN I will invest in physical renewable energy assets in Asia, with a primary focus on solar power generation in Japan
- The fund aims to support the development, acquisition, and operation of renewable energy assets in the region
- The Simpson Thacher team included professionals from private funds, tax, real estate, and ERISA practices.
Simpson Thacher advised PAG Real Assets in connection with the formation and fundraising of PAG REN I, its first renewable energy-focused fund. PAG REN I will focus on investing in physical renewable energy assets in Asia with solar power generation in Japan as a primary target. The fund’s goal is to support the development, acquisition, and operations of renewable energy assets, advancing the region’s clean energy transition while generating attractive risk-adjusted returns.~~PAG is a leading Asia Pacific-focused alternative investment firm which manages more than USD55 billion in capital across Private Equity, Real Assets and Credit & Markets businesses for a globally diversified base of 300 institutional investors.~~The Simpson Thacher team included Adam Furber, Michael Ceulen and Jingyi Wang (Asia – Private Funds); Nancy Mehlman, Brian Mendick, and Irace Preston (Tax); Jonathan Hwang and Benjamin Moh (Asia – Real Estate); and Jeanne Annarumma (ERISA).
Article Author
Adam Furber~~Michael Ceulen~~Jingyi Wang~~Nancy Mehlman~~Brian Mendick~~Preston Irace~~Jonathan Hwang~~Benjamin Moh~~Jeanne Annarumma
The Sponsor
