TPG Nears Asia Fund Close

TPG Capital is nearing a final close of over $4 billion for its latest Asia fund, according to LBO Wire. The firm's previous Asia fund was raised under the Newbridge brand, and closed on $1.5 billion in 2005. In other Asia fundraising news, Private Equity Insider reports that The Carlyle Group is coming to market later this year with a $3 billion Asia-focused vehicle.