TPG eyes $2b second close on Asia fund, reduces final target – report
TPG Capital is said to be approaching a second close of $2 billion on its sixth Asian fund. The private equity firm has reduced the final target to $3.5 billion from $4 billion - it was originally said to be seeking $5 billion - and expects to reach a final close in the final quarter of the year.
According to Dow Jones, investor interest began to pick up after TPG made a near five-fold return on its investment in India's Shriram Transport Finance after selling a 10% stake for $301 million last...
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