TPG Capital Said to Near Halfway Mark on $10 Billion Fund
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TPG Capital, seeking to raise a $10 billion buyout fund after investing in soured mega deals such as TXU Corp. and Washington Mutual Inc., expects to secure about half of that amount by the end of January, according to two people with knowledge of the matter.
The $5 billion first close includes $2 billion previously obtained for a bridge fund from large investors such as Oregon Investment Council and Washington State Investment Board, said the people, who asked not be named because the information is private. TPG officially started raising the fund in July and has told investors it plans to gather $10 billion.