TPG related stories
All articles and analysis
Testing boundariesWith two RMB fund launches, TPG has joined firms like Carlyle and Blackstone in throwing itself wholeheartedly behind an untested and pioneering private equity vehicle, writes Jenny Blinch.
- TPG doubles up with second RMB fund
Only a day after news of its first RMB fund launch broke, TPG has confirmed it is launching a second, Chongqing-based vehicle, reportedly also with a $736m target.
- TPG to raise $736m for China
TPG will join the ranks of other Western firms raising RMB-denominated funds, including Carlyle, KKR and Blackstone.
- Ireland pension boosts alternatives allocation to 33%
The €24bn National Pensions Reserve Fund upped its target to private equity to 10% from 8%, and to infrastructure to 5% from 2%. This year, the pension has committed to HIG Bayside and Atlantic Bridge.
- Blackstone in $4.7bn deal for US energy giant Dynegy
Dynegy has a history of private equity transactions, including a $2.35bn deal in 2005 in which Warburg Pincus took over one of its subsidiaries.
- Oaktree follows Colony with $1.7bn FDIC deal
The LA-based firm becomes the second private equity house to buy a substantial distressed debt portfolio held by the Federal Deposit Insurance Corporation this week following Colony Capital’s capture of a 1,660 strong loan portfolio.
- VTB lures Wermuth’s private equity head
Andreas Boesenberg has left alternatives firm Wermuth Asset Management to join the private equity arm of Russian financial services giant VTB Group.
- Post Oak eyes $200m for debut oil and gas fund
The firm, founded by energy industry veteran Frost Cochran, is moving from a pledge fund structure to a more traditional private equity fund.
- Moody’s: Harrah’s not ‘out of the woods’
Apollo and TPG Capital-backed Harrah’s, loaded with $22bn of debt from its $27bn buyout in 2008, has eased its debt burden through recent refinancings but has not solved its problems, according to Moody's.
- Blackstone chips $52bn in debt off portfolio
The firm has ‘reduced, refinanced or extended’ more than $52bn of debt since 2009, which has helped drive value creation, according to Blackstone executives.