PE major TPG looks to raise $6b for new Asia fund; expects first close in Q2

Global buyout major TPG is seeking to raise $6 billion for its latest Asia-focused private equity fund, the company said during its earnings call on Monday.

The fund was launched in January, said TPG Inc’s chief finance officer Jack Weingart. The launch comes three years after the firm raised $4.6 billion for its seventh Asia-focused buyout fund, TPG Capital Asia VII.