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The firm has closed Baring Asia Private Equity Fund VII on its $6.5bn hard-cap.
The firm has been focusing on more institutional-quality opportunities in the region, according to its co-chief executive.
MidRail claims the Swiss firm has been 'unjustly enriched' at its expense through 'exploitation of MidRail's confidential information'.
The firm appointed Myron Zhu, former co-head of APAC PE at Aberdeen Standard Investments, in August to build out its third-party capabilities in Asia.
The firm will invest throughout the capital structure after previously being a senior debt-only shop.
Fewer China-headquartered PE funds reached final close last year as trade tensions, high valuations and concerns over tech exposure hindered capital raising efforts.
If the fund reaches its €14.75bn target, it will be one of the largest European private equity funds ever raised.
Gilles Dellaert will lead Blackstone Insurance Solutions, a part of the business with a lot of growth potential.
Nicole Musicco has left the C$63bn Investment Management Corp of Ontario which helps public sector funds scale and gain access to private-market investments.
Julia Leung, the Hong Kong financial body's deputy chief exec, says asset managers in Asia tend to focus more on governance than environmental concerns.