Buyout firm TPG aims to collect less for its latest fund than the amount it set out to raise for a predecessor vehicle several years ago, a sign of the fundraising headwinds that have beset the industry since 2022, documents prepared for a public pension plan show. The firm has set a $13 billion target for TPG Partners X, the private-equity strategy that plans to write checks of roughly $1 billion per deal to acquire businesses in the healthcare, information technology, services and consumer sectors, according to public documents presented to the Teachers’ Retirement System of Louisiana, a regular backer of TPG funds.
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Source: https://www.wsj.com/articles/tpgs-13-billion-buyout-fund-target-reflects-tough-market-e803c3b8