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.
had raised around $8 billion for its and , the global alternative asset manager said in a media statement on Thursday.The takes TPG's total Asia 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 strong ," TPG Chief Executive Officer said.
TPG's eighth Asia-focused private equity fund secured about $5.3 billion in aggregate , 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 across the region," said , head of Asia real estate activities of TPG , a unit of the asset manager.
(Reporting by Sameer Manekar in Bengaluru; Editing by Sherry Jacob-Phillips)
Source: Stocks-Markets-Economic Times
