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California-headquartered Farallon Capital Management has completed fundraising for an investment portfolio focused on Asia and Latin America.

The fundraising is for Farallon Asia Special Situations III, LP and Farallon Asia Special Situations Master III, LP, described by the firm as an “an Asia- and Latin America-focused private investment pool”. It has aggregate commitments of $1.12 billion.

Farallon concentrates on acquisitions, recapitalisations, restructuring and other transformational events affecting businesses. FASS III is Farallon's third investment fund dedicated to investing in illiquid special situations across the capital structure in companies in or with a nexus to Asia and Latin America, it said in a press release. 

The FASS III team includes 30 local employees, including four Farallon Partners: G Raymond Zage (Singapore ), Ashish Gupta (Singapore), Paul Caldwell (Tokyo) and Daniel Goldberg (Sao Paulo). 

Farallon employs 186 employees and is headquartered in San Francisco and has offices in London, Singapore, Hong Kong, Tokyo and Sao Paulo.