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TPG raises US$4.6b for Asian PE fund, exceeds target


TPG's investment platforms are across a wide range of asset classes, including private equity, growth venture, real estate, credit, and public equity.

TPG's investment platforms are across a wide range of asset classes, including private equity, growth venture, real estate, credit, and public equity.

KUALA LUMPUR:  Global alternative asset firm TPG's latest Asian focused private equity fund, TPG Capital Asia VII raised over US$4.6bil (RM18.73bil) in commitments, exceeding its target.

TPG Asia VII has so far committed more than 40% of the capital across 12 companies, including, Du Xiaoman, the consumer lending, wealth management and payments platform spun out from Baidu, it said in a statement on Monday.

Corporate News , Investment

   

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