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Asset manager TPG raises $8 bln for Asia-focused private equity, real estate funds
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Asset manager TPG raises $8 bln for Asia-focused private equity, real estate funds
May 8, 2024 6:55 PM

May 9 (Reuters) - TPG had raised around $8

billion for its Asia-focused private equity and real estate

funds, the global alternative asset manager said in a media

statement on Thursday.

The fundraising takes TPG's total Asia assets under

management to $35 billion, spread across "dedicated Asia-focused

private equity, real estate, and secondaries," the Texas,

U.S.-based company said.

"Looking ahead, we expect markets across Asia to continue to

experience strong economic growth," TPG Chief Executive Officer

Jon Winkelried said.

TPG's eighth Asia-focused private equity fund secured

about $5.3 billion in aggregate capital commitments, making it

the firm's largest Asia fund in three decades, while its two

real estate funds secured an aggregate $2.5 billion capital.

"We continue to see a wealth of compelling investment

opportunities across the region," said Wilson Leung, head of

Asia real estate activities of TPG Angelo Gordon, a unit of the

asset manager.

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