TPG has reached its first close on the firm's fifth flagship fund with $5bn in commitments. The manager is targeting a total fund size of $8.5bn, having already secured more than half of the goal. CEO Jon Winkelried noted that this progress reflects a broader shift toward indirect investing by large institutional investors.
The firm continues to attract significant capital as institutional pools increasingly favor private market exposure through funds like this one.
Source: Real Estate Investor · Summarized by HeadlinesBriefing