TPG Capital raising up to $2 billion for bridge fund
TPG Capital is asking some of its key investors for up to $2 billion to spend on deals until it raises a new $10 billion flagship fund, writes Reuters. TPG told a public meeting of one of its investors, the Oregon Investment Council, that it was seeking between $1.6 billion and $2 billion for an interim fund that was intended to serve as "bridge investment capital" until it starts raising its first major global fund since the financial crisis. It raised a $19 billion fund, called TPG Partners VI, in 2008.
30 January 2014•3 mins read
