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Bailey McCann, Opalesque New York: Private equity firm TPG has raised has closed its eighth Asia focused private equity fund, TPG Asia VIII, as well as its first TPG Angelo Gordon Asian real estate funds, TPG AG Asia Realty Fund V and the TPG AG Japan Realty Value Fund. These are the first Gordon fund closes since the firm acquired Angelo Gordon in 2023.
The fund closes total just under $8 billion.
TPG Asia VIII secured approximately $5.3 billion in aggregate capital commitments, closing around 14% higher than its predecessor fund and making it the firm's largest Asia fund in its 30 years of investing in the region. The fund will continue to pursue a geographically distributed strategy of thematic growth investing.
Two TPG AG Real Estate funds - TPG AG Asia Realty Fund V and the Japan Realty Value fund - closed with more than $2.5 billion of capital in aggregate, with both funds exceeding their respective fundraising targets. Asia Realty V closed more than 50% higher than its predecessor. It seeks to capitalize on attractive opportunistic real estate investments with a focus on sourcing off-market transactions in the Japan, Korea, China, Hong Kong, and Singapore markets. The Japan Realty Value Fund will target value-add real estate opportunities in Japan, focused primarily on the acquisition of equity interests in real estate across various product types, including industrial, office, residential, and retail.
"Looking ahead, we expect markets across Asi...................... To view our full article Click here
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