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TPG closes record USD8bn in new Asia-focused funds



Global investment manager TPG has successfully raised approximately USD8bn for its Asia-focused private equity and real estate funds, according to a recent media statement. This significant fundraising effort has elevated TPG’s total assets under management in Asia to USD35bn, encompassing private equity, real estate, and secondary markets. TPG’s CEO, Jon Winkelried, expressed optimism about continued economic growth in Asia. The firm’s eighth Asia-focused private equity fund alone garnered about USD5.3bn, marking it as TPG’s largest Asian fund in 30 years. Additionally, its two new real estate funds collectively secured USD2.5bn. Wilson Leung, head of Asia real estate at TPG Angelo Gordon, highlighted the region’s rich investment opportunities.

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