PEI Group Data

The manager specializes in lower mid-market media and communication companies.

The Mumbai-based manager, which closed a $700m continuation fund in April, will begin fundraising for its 10th flagship this year, PEI understands.

Asia Fund VIII, which closed below target, is TPG’s largest Asia-focused fund, according to the firm's latest earnings call.

The firm earlier this year has announced at least two exits, both which CenterOak formed in 2020.

The manager is out with its latest flagship fund of funds and adjoining co-investment fund.

LPs have shown interest in diversifying via industry-focused funds.

'We actually had our most active year of new investments in 2023,' said co-founder and managing partner Bob Morse.

The soon-to-be listed manager’s flagship buyout fund series has amassed nearly €100bn since 1998.

Charlesbank launched its dedicated tech strategy in 2018 with the hires of Darren Battistoni and Hiren Mankodi, both veteran tech investors.

LPs may look to smaller, niche funds as a way to boost returns while diversifying their portfolios.