EQT, TPG funds reflect Asia’s PE power
Asia's growing significance in the private equity world was further confirmed in two separate fundraising events last week. First in Europe, where EQT Partners announced that Asia Pacific LPs were responsible for nearly one quarter of total commitments to its latest vehicle. Then in Asia itself, where it emerged that TPG Capital was about to launch the largest regional fund since the global financial crisis.
The Europe-focused EQT VI fund reached its hard cap of EUR4.75 billion ($6.5 billion) after nine months in the market, having originally targeted EUR4.25 billion. The biggest fundraising effort in Europe...
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