14.03.2013 - Buyout firm TPG to try hand at property fund
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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