US private equity firm TPG Capital has reportedly hit the road for its $4bn latest Asia-focused investment fund, representing the largest vehicle raised in the region since the economic downturn.
The firm is currently investing in Asia through a $19.8m global vehicle raised in 2008 and a $4bn regional vehicle raised the same year, which gave LPs the option of lowering their commitments by as much as ten per cent compared to previous funds.
The fund was around 75 per cent committed in October last year, with a list of limited partners which include California Public Employees’ Retirement System.
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