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California-headquartered Farallon Capital Management has completed fundraising for two funds focused on Asia and Latin America.

The fund-raising 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”. They have aggregate commitments of $1.12 billion.

Farallon concentrates on acquisitions, recapitalizations restructurings 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 late last week. 

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, with offices in London, Singapore, Hong Kong, Tokyo and Sao Paulo.