TPG raises $8bn for Asia-focused private equity, real estate funds; total AUM reaches $35bn.

Private equity major TPG raises nearly $8 billion in commitments for Asia-focused private equity and real estate funds, increasing its total assets under management in Asia to $35 billion. TPG's eighth Asia-focused private equity fund secures $5.3 billion, its largest Asia fund in three decades, while two real estate funds secure an aggregate $2.5 billion capital. TPG expects strong economic growth in Asia.