Asset manager TPG raises $8 bln for Asia-focused private equity, real estate funds

The fundraising takes TPG’s total Asia assets under management to $35 billion, spread across “dedicated Asia-focused private equity, real estate, and secondaries,” the Texas, U.S.-based company said.

​The fundraising takes TPG’s total Asia assets under management to $35 billion, spread across “dedicated Asia-focused private equity, real estate, and secondaries,” the Texas, U.S.-based company said. 

Synopsis

The fundraising takes TPG’s total Asia assets under management to $35 billion, spread across “dedicated Asia-focused private equity, real estate, and secondaries,” the Texas, U.S.-based company said.

ETMarkets.com
TPGhad raised around $8 billion for itsAsia-focused private equityandreal estate funds, the global alternative asset manager said in a media statement on Thursday.

The fundraising takes TPG’s total Asia assets under management to $35 billion, spread across “dedicated Asia-focused private equity, real estate, and secondaries,” the Texas, U.S.-based company said.

“Looking ahead, we expect markets across Asia to continue to experience strongeconomic growth,” TPG Chief Executive OfficerJon Winkelriedsaid.

TPG’s eighth Asia-focused private equity fund secured about $5.3 billion in aggregate capital commitments, making it the firm’s largest Asia fund in three decades, while its two real estate funds secured an aggregate $2.5 billion capital.

“We continue to see a wealth of compelling investment opportunities across the region,” said Wilson Leung, head of Asia real estate activities of TPG Angelo Gordon, a unit of the asset manager.

(Reporting by Sameer Manekar in Bengaluru; Editing by Sherry Jacob-Phillips)

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