TPG Real Estate said on Wednesday that it has completed fundraising for its TPG Real Estate Partners II fund, securing over $2 bn (€1.8 bn) of equity commitments.
TPG Real Estate said on Wednesday that it has completed fundraising for its TPG Real Estate Partners II fund, securing over $2 bn (€1.8 bn) of equity commitments.
The real estate arm of US-based TGP said investors in the fund include leading public and private pension funds, sovereign wealth funds, insurance companies, and other institutional investors.
'TREP II will continue to implement our differentiated investment strategy focused on real estate platforms and property-rich companies that leverages our broader capabilities to optimize property performance and enhance platform capabilities,' commented Avi Banyasz, partner at TPG and co-head of TPGRE.
'Exceeding the target for TREP II is a testament to the momentum of both the real estate team and TPG,' added TPG Co-Founder Jim Coulter. 'TPGRE’s success over the past six years reflects our ability to expand our platform and deliver value to our investors in new and innovative ways.'
TPG Real Estate is comprised of TPG Real Estate Partners, the equity investment platform, and TPG Real Estate Finance Trust, the debt origination and acquisition platform.
With 35 investment professionals based in TPG’s New York, San Francisco, and London offices, these platforms manage over $6 bn in assets across TPGRE and other TPG-sponsored vehicles.
