| Log in

TPG Sells Stake To Sovereign Wealth Funds

20 May, 2012

Private equity giant TPG Holdings has sold a stake in itself to a pair of major sovereign wealth funds, raising several hundred million dollars.

The firm, which has some $48 billion in assets under management, told investors last week that it had sold a roughly 4.5% stake to the Government of Singapore Investment Corp. and Kuwait Investment Authority. Both sovereign funds are longtime investors in TPG.

“Yesterday we completed a private sale of a small, passive minority economic stake in the consolidated general partner of TPG,” firm founder David Bonderman wrote to TPG investors without identifying the buyers. “We have chosen a private transaction as a path to provide capital to our firm,” he added, indicating that TPG will not follow rivals

Apollo Global Management, the Blackstone Group and Kohlberg Kravis Roberts with an initial public offering of its own, as the Carlyle Group hopes to do next year.

The proceeds of the sale will be used to increase hiring and expand its investment activities into emerging markets and real estate, The Wall Street Journal reports. The deal values TPG at about $11 billion, almost as much as KKR.


Leave Your Comment
TPG Capital buys around 35% stake in BPO services provider Sutherland

TPG Capital buys around 35% stake in BPO services provider Sutherland

Bhawna Gupta 3 years ago
Global private equity major TPG Capital has acquired 34.5 per cent stake in New...
TPG Growth cuts stake in clean energy producer Greenko Group

TPG Growth cuts stake in clean energy producer Greenko Group

TEAM VCC 4 years ago
TPG Growth, an arm of global private equity major TPG, has sold around a...
TPG Capital raises $3.3B in Asia buyout fund

TPG Capital raises $3.3B in Asia buyout fund

Shruti Ambavat 4 years ago
Global private equity firm TPG Capital has raised $3.3 billion in its sixth Asia...
No Comments

TPG Sells Stake To Sovereign Wealth Funds

Powered by WordPress.com VIP