Sister publication Private Equity International has learned that TPG Capital is in the market to raise $1.5 billion for a distressed, credit and special situation fund that will be run by former Goldman Sachs executive Alan Waxman.
The fund will be the firm’s first dedicated pool of money specifically for the strategy.
TPG forms first-ever distressed fund(2)
The firm is targeting $1.5bn to invest in non-performing loans and distressed-for-control situations. The fund will be run by former Goldman executive Alan Waxman.
