Bonderman: TPG Has $30 Billion To Invest

SOCHI, Russia (Reuters) – One of the world’s largest private equity funds TPG Capital currently has about $30 billion in uninvested capital and is looking for opportunities, its founding partner said on Friday.

“We have about $60 billion of capital, half of it is uninvested and we are looking for opportunities,” David Bonderman told Sochi Investment Forum.

Bonderman said the fund saw growth capacity in Russia’s consumer sector and was “cautiously optimistic” about Russia. (Writing by Gleb Bryanski, ediing by Toni Vorobyova)