TPG Cap­i­tal Asia fund to top $4b

China Daily (USA) - - BUSINESS -

TPG Cap­i­tal is plan­ning to seek at least $4 bil­lion for its sev­enth Asia fund, ac­cord­ing to a per­son with knowl­edge of the mat­ter. The Fort Worth, Texas-based pri­vate eq­uity firm plans to start rais­ing money for the new­fund later this year, the per­son said, ask­ing not to be iden­ti­fied be­cause the mat­ter is con­fi­den­tial. TPG gar­nered $3.3 bil­lion for its sixth fund in May 2014, after it ap­pointed Tim Dat­tels as co-head of Asia in Nov 2013, peo­ple fa­mil­iar with the mat­ter said at the time.

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