IPO among options for TPG Capital, says CEO


shares stocks IPOCEO of TPG Capital David Bonderman said that the private equity firm could consider an IPO in future.

TPG hasn’t ruled out the possibility, but floating on a stock exchange is not something it would think too hard about, Bonderman said at the SuperReturn conference in Berlin today, according to Bloomberg.

Back in 2011 TPG sold a five per cent stake in the firm to the Kuwait Investment Authority and the Government of Singapore Investment Corp.

Last month TPG Capital confirmed a $2bn target for a bridge fund, which will be raised while it attempts to finish deploying its last mammoth flagship vehicle.

Last August it emerged TPG had asked LPs for an additional year to allocate its $19bn flagship TPG VI vehicle, which still had around $3bn of undeployed capital at that point.

The firm was looking to secure an extension to the fund’s investment period to February 2015 in exchange for waving management fees and other charges that could amount to tens of millions of dollars, according to the FT.

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