<article>Former <a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/stories/tpgs-gray-to-leave-end-2016-thickins-appointed-as-country-head-35646/" target="_blank" rel="noopener">TPG Asia </a>head Ben Gray-backed private equity firm BGH Capital has launched its debut $1.6-billion fund, that will invest in Australia and New Zealand.</article>

Former <a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/stories/tpgs-gray-to-leave-end-2016-thickins-appointed-as-country-head-35646/" target="_blank" rel="noopener">TPG Asia </a>head Ben Gray-backed private equity firm BGH Capital has launched its debut $1.6-billion fund, that will invest in Australia and New Zealand.
According to a report from AFR earlier, the newly found private equity investor BGH is looking to make its first close by early next year and will start doing transactions next year.
The firm was set up by Gray, former Asia co-head at private equity firm TPG Capital, former Macquarie Capital executive Robin Bishop and fellow TPG deal-maker Simon Harle who has worked on Australia deals with Gray at TPG.
Based on another report from AFR, the investments from this debut fund or rather &#8220;targets are likely to be business and financial services, consumer products, healthcare and new media.&#8221;
Gray is well known for TPG&#8217;s Myer deal and together with Harle they were most active deal-makers in the Australian market. Their deals from TPG includes Healthscope, Inghams Group and DTZ. Gray left his position at TPG at the end of 2016 after 12 years at the firm.
The new fund is likely to get the backing of investors in the US, Middle East, Europe and Asia.
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Ex-TPG Asia's Ben Gray-backed BGH Capital launches $1.6b debut fund

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Ex-TPG Asia's Ben Gray-backed BGH Capital launches $1.6b debut fund

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