02:47 PM EDT, 03/25/2024 (MT Newswires) -- TPG (TPG) will cut its China allocations from its eighth Asia buyout fund that will soon close at around $5 billion, Bloomberg reported, citing a person familiar with the matter.

TPG plans to put about 10% of the fund in China, down from around 25% in previous funds, the report said, adding that it will allocate the balance to Australia, India, Southeast Asia and South Korea. It expects the final close of the fund early next month.

TPG did not immediately respond to MT Newswires' request for comment.

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