Deals
TPG Said to Target $3 Billion for Fourth Growth-Equity Fund
- Investment firm said to plan starting the fundraise this year
- Bill McGlashan-led unit got $3 billion for third fund in 2015
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TPG, an investor in Uber Technologies Inc. and Airbnb Inc., is seeking $3 billion for its fourth growth-equity fund, according to people with knowledge of the matter.
The private equity firm plans to start raising money for the pool this year and is targeting the same amount it got for its third fund, which finished collecting $3 billion in 2015, said the people, who asked not to be identified because they weren’t authorized to speak publicly. TPG wants to stay at that amount even as client demand is surpassing it, one of the people said.