TPG Joins Asia’s Rush for Mid-Sized Buyouts With Latest Fund
Pedestrians in Pudong's Lujiazui Financial District in Shanghai, China.
Photographer: Raul Ariano/BloombergTPG Inc. is among large alternative asset managers now seeking money to back mid-sized investments in Asia, a move away from its traditional focus on bigger deals.
San Francisco-based TPG had its first closing for an Asia emerging companies fund in the first quarter, according to people familiar, who asked not to be named discussing private information. A representative for TPG declined to comment.