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TPG Real Estate Fund Totals $2B
San Francisco-based private-equity firm TPG has started a commercial real estate fund that has $2 billion in its coffers. It started raising money for the fund during the second half of last year, with a goal of $1.5 to $2 billion.
The TPG real estate fund follows the trend of other private-equity rivals such as the Blackstone Group and Apollo Global Management, both of which have significant commercial real estate holdings.
Thus far, TPG has made $2.7 billion in real estate investments, including industrial buildings in Poland. The company also has an investment in self-storage firm LifeStorage, which makes TPG one of the top 10 owners of commercial real estate.
- ◦Sale/Acquisition
