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TPG Joins Apollo, Blackstone in Raising Fees as Money Flows

  • Firms including Hellman boost management fees on some funds
  • Power dynamic shifts as private equity industry inflows surge
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Some of the largest private equity firms are charging customers more even as price cuts hit almost every other corner of the asset-management industry.

TPG and Hellman & Friedman are increasing management fees on new -- and bigger -- funds they’re seeking to raise, according to investor documents viewed by Bloomberg News. The moves follow similar ones made by rivals Apollo Global Management LLC and Blackstone Group LP in recent years, when they started gathering money for their flagship buyout pools.