Deals
TPG Seeks $1.5 Billion to Bet on Firms Staying Private
- Fund to buy equity from employees, investors of tech firms
- Buyout company co-founder sees new era of private markets
Photographer: Patrick T. Fallon/Bloomberg
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TPG, the buyout firm co-founded by Jim Coulter, is seeking $1.5 billion for a debut fund to wager on the growing number of technology companies that are delaying public offerings.
TPG Tech Adjacencies LP will offer liquidity to employees, founders and early investors by purchasing their equity as part of the strategy, according to people familiar with the matter. TPG will focus on technology, media and telecommunications companies.