In a media statement on Thursday, the global alternative asset manager TPG announced that it had raised approximately $8 billion for its Asia-focused private equity and real estate funds.
The fundraising takes TPG’s total Asia assets under management to $35 billion, spread across “dedicated Asia-focused private equity, real estate, and secondaries,” the Texas, U.S.-based company said.
“These successful campaigns reflect the strength of our performance and the quality of our platform in Asia,” said Jon Winkelried, CEO of TPG. “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.”
“Looking ahead, we expect markets across Asia to continue to experience strong economic growth. Our investment strategy in the region—characterized by thematic, sector-driven investing by local teams in key markets—positions us to continue to deliver excellent performance and drive further innovation and growth” he said.
Ganen Sarvananthan, Head of Asia and the Middle East and Co-Managing Partner of TPG Capital Asia, added: “The successful close of TPG Asia VIII is a testament to our geographically diversified and sector-led private equity strategy, our stable and tenured leadership team, and our partnership-focused investment approach in Asia. We are grateful to our long-standing partners who continue to show confidence in our strategy and are very pleased to welcome our new investors.”
Wilson Leung, Head of TPG AG Asia Real Estate, said: “We are excited to expand our value-add real estate investing activities across Asia with the support of new and existing LPs via TPG AG Asia Realty Fund V, our largest Asia real estate fund to date. We also welcome the opportunity to deepen our partnership with Japanese institutional investors through our TPG AG Japan Value Fund. We continue to see a wealth of compelling investment opportunities across the region, and we are confident that our deeply experienced team and strong, established operating partner network position us well to capitalize on them and drive value for our LPs.”
TPG’s eighth Asia-focused private equity fund gathered around $5.3 billion in total capital commitments, marking it as the firm’s largest Asia fund in three decades. Additionally, its two real estate funds amassed a combined capital of $2.5 billion.
About TPG
TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $222 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.
