Fund Managers

TPG closes $19.8bn global buyout fund

The mega-buyout firm has also closed its distressed financial services fund with roughly $6bn in commitments, and rounded up roughly $4bn for the final close of its Asian fund.

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TPG looks set to clinch the fundraising record of 2008, having closed three funds totalling roughly $30 billion (€21 billion).

TPG Partners VI, the private equity firm’s sixth global buyout fund, has rounded up some $19.8 billion in commitments, PEO has learned from market sources. Its size makes it the third-largest buyout fund ever raised, behind those closed last year by The Blackstone Group and Goldman Sachs.