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Private Equity

TPG Nears $10B Private Equity Fundraising Close

by business-standard.com posted 2years ago 12007 views
<p style="line-height: 18.9091px;"><a href="http://www.business-standard.com/search?type=news&amp;q=Tpg" target="_blank">TPG&nbsp;</a><a href="http://www.business-standard.com/search?type=news&amp;q=Capital" target="_blank">Capital&nbsp;</a>LP is close to finishing a two-year effort to raise its latest global private equity fund, amassing $10 billion, according to people familiar with the matter, a key step in the firm&#39;s plans for an eventual initial public offering.&nbsp;The move is representative of a comeback in leveraged buyouts for one of the world&#39;s largest private equity firms. Founded in 1992, TPG enjoyed early successes followed by some high-profile missteps in the runup to the 2008 financial crisis.</p>