TPG, a global alternative asset manager, has announced the successful raising of approximately $8 billion for its Asia-focused private equity and real estate funds. This fundraising effort has increased TPG’s total Asia assets under management to $35 billion, encompassing dedicated Asia-focused private equity, real estate, and secondaries.
Jon Winkelried, CEO of TPG, emphasized the strength of the company’s performance and platform in Asia, stating, “Since establishing our presence in the region nearly 30 years ago, TPG has built a multi-strategy, scaled franchise with over 250 employees across nine cities managing over $35 billion of AUM.”
Ganen Sarvananthan, Head of Asia and the Middle East and Co-Managing Partner of TPG Capital Asia, highlighted the success of TPG Asia VIII, emphasizing the geographically diversified and sector-led private equity strategy, stable leadership team, and partnership-focused investment approach in Asia.
Wilson Leung, Head of TPG AG Asia Real Estate, expressed excitement about expanding value-add real estate investing activities across Asia with the support of new and existing LPs via TPG AG Asia Realty Fund V. Leung also mentioned the opportunity to deepen partnerships with Japanese institutional investors through the TPG AG Japan Value Fund.
TPG’s eighth Asia-focused private equity fund gathered approximately $5.3 billion in total capital commitments, making it the firm’s largest Asia fund in three decades. Additionally, its two real estate funds amassed a combined capital of $2.5 billion.
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By Proptechbuzz
By Ravi Kumar
