The Baring Private Equity Fund, one of the largest and most established independent private equity firms in Asia with $5 billion under management, has instructed Kelemenis & Co. to advise the Fund on regulatory, commercial and tax issues arising from the contemplated acquisition of equity and debt from Greek public companies listed on the Athens Exchange. Baring specializes in investments in the region of $100m into companies requiring capital for expansion, recapitalization or acquisitions. It currently has over 30 portfolio companies with 78,000 employees and revenues of $5.8 billion in 2011. The Fund was previously part of Dutch Insurer ING.