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.