Global private equity fund TPG Capital has secured 4 billion yuan ($635 million) in commitments and has held a first close on its two China investment funds launched in August 2010, writes Reuters. The firm said 90 percent of the money raised came from private investors rather than government-linked entities.
Reuters – Global private equity fund TPG Capital said on Monday that it has secured 4 billion yuan ($635 million) in commitments and has held a first close on its two China investment funds launched in August 2010.
The firm said 90 percent of the money raised came from private investors rather than government-linked entities.
TPG said it planned to raise more than 50 percent of the 10 billion yuan final target for the funds from private investors.
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