With shares of Cushman & Wakefield up more than 40 percent in the past 12 months, Texas-based TPG and Hong Kong’s PAG plan to sell their entire shareholding in the global property consultancy, despite the stock remaining 38 percent below… Read More>>
TPG Closes on $7.8B in Capital for Asia Private Equity, Real Estate Funds
TPG has closed on its eighth Asia-focused private equity fund with $5.3 billion in committed capital, as well as raising $2.5 billion for a pair of Angelo Gordon co-branded real estate vehicles targeting the region.
The campaign for TPG Asia… Read More>>
Asia Real Estate People in the News 2024-02-19
A top level departure at the biggest name in Aussie finance leads this week’s roundup of personnel moves from around the region, with Korea’s Mastern Investment Management also making a major hire from competitor Mirae. Gaw Capital Partners is on… Read More>>
TPG Raises $398M for Japan Value-Add Fund and More Asia Real Estate Headlines
TPG leads Mingtiandi’s roundup of real estate headlines from around the region today with the fund manager announcing this week that it has raised nearly $400 million for a Japan-focused investment vehicle. Also in the news, SGX-listed Far East Hospitality… Read More>>
Beijing Asking Ping An to Take Over Country Garden and More Asia Real Estate Headlines
Country Garden Leads Mingtiandi’s headline roundup today, with a Reuters report indicating that China’s central government is arranging a sale of the company to Ping An Insurance. Also in the news, Korea’s National Pension Service invests in a US fund… Read More>>
TPG Upgrades Asia Managing Partner Sarvananthan to Lead Middle East Expansion
US private equity giant TPG announced this week that it has appointed Ganen Sarvananthan, one of the managing partners for its Asia business, to lead its expansion in the Middle East.
The company said the appointment comes after significant growth… Read More>>
GIC, TPG Invest $72M in Indian Hospital Chain and More Asia Real Estate Headlines
Healthcare leads today’s roundup of real estate headlines from around Asia as Singapore’s sovereign fund hooks up with a US private equity giant for a $72 million India investment. Also in the news, Hong Kong’s borrowers catch a break after… Read More>>
PropertyGuru Exiting Indonesia as SE Asia Expansion Fails to Produce Profit
PropertyGuru, an online property marketplace backed by KKR and TPG, plans to pull out of the Indonesian market this year as Singapore firm retreats from a Southeast Asian expansion that has generated three years of red ink.
In a statement… Read More>>
TPG Buying Angelo Gordon for $2.7B
TPG is acquiring Angelo Gordon in a cash and equity transaction valued at approximately $2.7 billion, according to an announcement on Monday by the two private equity firms.
The two companies have agreed to a deal which will expand TPG’s… Read More>>
TPG Said in Talks to Buy Angelo Gordon and More Asia Real Estate Headlines
Debt strategies are back in vogue and US fund management giant TPG may be willing to pay $2 billion to keep up with the trend, according to a report on Friday. Also making our headline roundup today, HSBC fends off… Read More>>