TPG Raises $30 Billion (!!!) Fund

In a time when some other large cap players are feeling a stinging cold shoulder from edgy institutional LPs (see Madison Dearborn having to cut it’s cap on a new fund, or Blackstone getting a reduced effort from Calstrs for it’s new effort), TPG has amassed a mighty impressive chunk of change to take advantage of opportunities in the currently depressed markets.

TPG plans to use the new fund to invest in a variety of targets, including Asian assets, distressed banks and corporate takeovers.

Impressive!

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