TPG Capital, the private-equity firm started by David Bonderman and Jim Coulter, has set a $2.65 billion goal for its next global credit-focused fund, according to two people familiar with the situation.
Franklin Templeton Investments’ venture in Vietnam said the time is right for buyout firms to invest in the country as it expects monetary and fiscal reforms to take effect over the next three to five years.
Warburg Pincus LLC, the private equity firm that posted a 150 percent profit from selling luxury-goods retailer Neiman Marcus Inc., plans to exit more investments as market liquidity returns and asset prices rise.
Indonesia has lost much of its allure for private equity as steep valuations restrain buyouts in a country that two years ago was, in the words of one investor, “probably the sexiest destination in the emerging markets.”
A dozen men in black guard the St. Petersburg offices of hypermarket operator Lenta LLC. They’re a reminder of how much muscle it is taking TPG Capital, which owns a stake in the company, to establish a beachhead in Russia.
Greece must default on its sovereign debt, following Argentina’s example, before it can emerge from the crisis now spreading through Europe, TPG Capital co-founder David Bonderman said today at a conference.