Fund facilities: To cap duration or not?

TPG’s time cap on fund facilities highlights the heated debate on their use.

TPG Capital has set a nine-month cap on capital call facilities for one of its private equity funds, chief investment officer Jonathan Coslet said at the Pension Bridge conference in Chicago last week.

This nine-month cap does not apply to all TPG equity or debt funds, a source familiar with the matter told Private Debt Investor.

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