TPG related stories
All articles and analysis
TPG waives reset right on WaMu investmentThe private equity firm has seen WaMu shares tumble 95 percent since its original $2bn investment in April and has waived its right to price reset provisions, seen as a necessary measure for WaMu to avoid bankruptcy and for TPG's investment to retain any value going forward.
- TPG closes $19.8bn global buyout fund
The mega-buyout firm has also closed its distressed financial services fund with roughly $6bn in commitments, and rounded up roughly $4bn for the final close of its Asian fund.
- CalPERS commits $600m to Carlyle funds
Confronting an increasingly overweighted private equity portfolio, CalPERS has made $920m in commitments to four private equity funds. Last week, fellow pension giant CalSTRS addressed the denominator effect while disclosing more than $1bn in fresh commitments.
- UK lender rejects Bridgepoint, Apollo, Blackstone buyout bid
The failed bid marks the second time this year that a private-equity backed rescue of a struggling UK-based mortgage lender has fallen apart.
- KKR adds former Skanska chief to growing infrastructure unit
The addition of former Skanska Infrastructure Development chief Simon Hipperson comes as the firm continues to build its team ahead of a reported $5bn fundraising effort
- TPG’s WaMu stake hits new low
The Seattle savings and loan’s stock price is down 74 percent, spelling a paper loss of more than $1.4bn for TPG.
- AIG’s $30bn alternatives business hangs in balance
As the US insurance giant struggles to raise capital, the fate of the firm’s substantial private equity business remains uncertain. AIG Investments has not been placed for sale as part of its parent’s capital raising measures.
- CapGen to invest $100m in PacWest Bancorp
This is the second bank deal for the New York private equity firm, registered as a US bank holding company. It comes amid increased interest in the role that private equity firms can play with cash-strapped US banks.
- Report: Indonesia bankers to raise $300m fund
Two former JPMorgan bankers have set up Ancora Capital Management, an Indonesia-focused private equity firm, to invest in the country’s natural resources and infrastructure sectors.
- Report: PE firms vie for $2.5bn Asian telecoms deal
TPG, MBK Partners, Providence and Macquarie are reportedly among the firms that have made it through the first round of bidding for the media and telecommunications assets of Hong Kong-listed PCCW. Apax, Bain and Carlyle may also be second-round bidders.