TPG raises $8 billion for Asia-focused private equity, real estate funds

BENGALURU: TPG had raised around $8 billion for its Asia-focused private equity and real estate funds, the global alternative asset manager said in a media statement on Thursday.

The fundraising takes TPG's total Asia assets under management to $35 billion, spread across "dedicated Asia-focused private equity, real estate, and secondaries," the Texas, U.S.-based company said.

"Looking ahead, we expect markets across Asia to continue to experience strong economic growth," TPG Chief Executive Officer Jon Winkelried said.

TPG's eighth Asia-focused private equity fund secured about $5.3 billion in aggregate capital commitments, making it the firm's largest Asia fund in three decades, while its two real estate funds secured an aggregate $2.5 billion capital.

"We continue to see a wealth of compelling investment opportunities across the region," said Wilson Leung, head of Asia real estate activities of TPG Angelo Gordon, a unit of the asset manager.