Global PE giant TPG hits $3.4b first close for new Asia fund

Global PE giant TPG hits $3.4b first close for new Asia fund

Photo by 金 运 on Unsplash

US-based alternative investment firm TPG has completed a $3.4-billion first close of its latest Asia fund, which targets a $6-billion corpus, the firm said during its Q3 2022 earnings call.

TPG Capital Asia VIII was launched earlier this year, three years after the firm raised $4.6 billion for its seventh Asia-focused buyout vehicle.

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