TPG related stories
All articles and analysis
Texas Municipal falls short of 2016 pacing targetThe Texas Municipal Retirement System approved nearly $380m for private equity commitments so far this year, short of its $600m target.
- MBK closes $4.1bn fund in 2 months
The North Asian buyout firm, which started raising capital in September, has held one of the fastest fundraises in Asia this year.
- TPG platform raises €1.4bn in debut direct lending fund
The London-based mid-market lender can underwrite and hold up to €300 million.
- Reassuringly expensive
Half a billion dollars of carry may seem like a lot for a public pension to pay external managers, but while CalPERS’ direct investment portfolio has performed well since inception, returns data available for the past 10 years suggest it would be better off sticking with GPs.
- CalPERS paid highest carry amounts to Advent, CVC, TPG
The largest US public pension fund paid $539 million in profit sharing to external private equity fund managers during the 2015-2016 fiscal year.
- Bradley nears first close on ‘fund of firms’
Morgan Stanley veteran Mark Bradley is likely to hold a first close on GP Interests – which will buy stakes in established private equity firms – in January 2017.
- GIC invests in Warburg-backed Indian NBFC
The $100bn Singaporean state fund will provide growth capital to Capital First via its affiliate Caladium Investments.
- CPPIB’s PE portfolio inches up to C$61.3bn
The Canadian pension fund’s private equity portfolio had been steadily increasing, marking a 5% quarterly increase in its fiscal second quarter ended 30 September.
- 3i partner takes chair at Level 20
Founding member Jennifer Dunstan will take over from Hanneke Smits on 1 January.
- Apollo, Blackstone back ILPA fee guidelines
Nine global asset management firms, including The Carlyle Group, KKR, and Blackstone, have backed ILPA’s new fee reporting template.