TPG reaches $6.5 bln for Fund VII’s first close

TPG Capital LP drew in $6.5 billion in commitments for its first close on TPG Partners VII, its newest flagship fund that offered discounts on management fees for early investors, according to a person familiar with the firm.

Tesla Motors CEO Elon Musk speaks during the Model S Beta Event held at the Tesla factory in Fremont

Billionaire Elon Musk commits to Valor Equity’s third fund

Valor Equity Partners LP has drawn in $390 million in commitments for its third buyout fund, ahead of the $350 million offering amount listed on a regulatory filing, with support from billionaire Elon Musk, a source familiar with the firm told Buyouts. (Subscribers, click on the headline to read the story.)

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