TPG Said to Drop Plans for $1.25 Billion Fund Targeting Energy
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TPG, the private-equity firm co-founded by David Bonderman, dropped plans to raise a $1.25 billion pool targeting the energy industry, two people with knowledge of the matter said.
TPG decided against raising the fund, TPG Energy Production Partners, last year following talks with investors, said the people, who asked not to be identified because the decision hasn’t been made public. TPG will instead use its main leveraged buyout fund to finance energy investments, the people said.