TPG closes $4.6b war chest for Asian deals

The private equity firm celebrates 25 years investing in Asia with its largest Asia-focused fund to date.

TPG has closed its seventh and biggest Asia-focused private equity fundraising to date, becoming the latest major player to build up its Asian war chest in recent months.

With more than $4.6 billion in commitments, according to a statement on Monday, TPG Capital Asia VII exceeded its original target by more $100 million.

That is after Hong Kong-headquartered PAG closed its $6 billion Asia III fund in November and Hillhouse Capital closed its largest fund to date in July, raising $10.6 billion in the process.

“We are incredibly grateful for the trust placed in us by both...

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