CVC Capital Partners Ltd. agreed to sell a 10 percent stake in itself to three sovereign-wealth funds to finance investments and expand its infrastructure and credit units, two people with knowledge of the move said.
TPG Inc., the buyout firm run by David Bonderman and Jim Coulter , is seeking to raise 5 billion yuan ($740 million) with the government of Shanghai’s Pudong district for its first yuan-denominated private equity fund.
TPG Capital, the buyout firm started by David Bonderman and Jim Coulter, sold a minority stake to the Government of Singapore Investment Corp. and the Kuwait Investment Authority, according to a person briefed on the decision.
TPG Inc., the buyout firm run by David Bonderman and Jim Coulter , will set up a 5 billion yuan ($740 million) fund with Chongqing to invest in private companies as the country boosts development of inland provinces.
The lure of an initial public offering has proved irresistible to the biggest buyout firms, with Carlyle Group now lining up to follow KKR & Co. and Blackstone Group LP to the IPO market. For TPG Capital, the prospect of cashing in on a stock offering still looks remote.
Blackstone Group LP and Carlyle Group are leading a record number of private-equity managers aiming to raise real estate funds as the world’s top buyout firms accelerate an expansion beyond corporate takeovers.