TPG’s growth-equity group has wasted little time investing its fifth fund, after quietly wrapping up fundraising for the vehicle in mid-August with almost $3.56bn.
The firm has deployed nearly half of TPG Growth V LP, according to people familiar with the matter.
Subscribe to our Newsletter to increase your edge. Don’t worry about the news anymore, through our newsletter you’ll receive weekly access to what is happening. Join 120,000 other PE professionals today.
TPG is a leading global alternative asset firm founded in 1992 with more than $91 billion of assets under management and offices in Beijing, Fort Worth, Hong Kong, London, Luxembourg, Melbourne, Mumbai, New York, San Francisco, Seoul, Singapore, and Washington D.C.
TPG’s investment platforms are across a wide range of asset classes, including private equity, growth equity, impact investing, real estate, secondaries, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio.
Source: Wall Street Journal
Can’t stop reading? Read more
Goldman Sachs targets over $14.2bn for record-breaking secondaries fund
Goldman Sachs targets over $14.2bn for record-breaking secondaries fund Goldman Sachs Asset...
Advent remains in talks with Reckitt over $5.4bn homecare unit sale
Advent remains in talks with Reckitt over $5.4bn homecare unit sale Advent International is in...
Bain Capital-backed Virgin Australia targets $443m IPO in major airline float
Bain Capital-backed Virgin Australia targets $443m IPO in major airline float Bain Capital is...