TPG Capital, the private-equity firm run by David Bonderman and James Coulter, raised $2 billion for its latest growth-equity fund as the world’s largest buyout firms look beyond big corporate takeovers.
Sears Holdings Corp. and Urban Outfitters Inc . are weighing rival bids for clothing retailer J. Crew Group Inc. in a potential challenge to TPG Capital and Leonard Green & Partners LP’s $3 billion buyout, said three people with knowledge of the matter.
About two years after TPG Capital expanded into real estate, the firm started by David Bonderman and James Coulter has invested more than $2 billion of equity in properties including California malls, a homebuilder, Florida apartments and office buildings in the U.S. and London.
TPG Capital, the private-equity firm started by David Bonderman and James Coulter, is reducing the proportion of employees focused on European leveraged buyouts while adding to its real estate and distressed units, three people with knowledge of the matter said.