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Real Estate Briefing - Categorized | Fund Profile, Market Moves more

Buyout firm TPG to try hand at property fund

Posted on 14 March 2013

Lots of real-estate funds that used piles of borrowed money to buy risky properties got crushed during the financial crisis. Now, buyout firm TPG Capital is offering a new twist while mining some of the same territory with its first real-estate fund.
The firm expects to start raising money in the second half of 2013 with a target of at least $1 billion, said people familiar with TPG’s plans. TPG officials acknowledged plans to raise a fund but declined to discuss specifics or timing………………………………….Full Article: Source


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