Investors

Report: China invests $2.5bn in TPG fund(2)

The private equity firm’s latest global buyout fund, targeting an estimated $20bn, now reportedly counts China’s State Administration of Foreign Exchange as a substantial investor.

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TPG has reportedly become the latest US buyout firm to attract Chinese state investment, with the country’s State Administration of Foreign Exchange agreeing to commit more than $2.5 billion (€1.6 billion) to its sixth buyout fund.

The commitment was revealed in a Financial Times report that did not reference any sources.