TPG Closes Funds

TPG has held final closings on both its first middle-market buyout and fifth Asian buyouts funds, according to LBO Wire. The middle-market fund closed on around $1.5 billion ($1b target), from limited partners like the New Jersey Division of Invesmtent, Washington State Investment Board, LACERA, Oregon State Treasury and CalPERS. The Asian fund closed on $4.25 billion, from LPs like CalPERS, the University of Michigan and PSERS.