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.
TPG Capital, the private-equity firm started by David Bonderman and Jim Coulter, plans to seek about $2.5 billion for its next global credit-focused fund, according to two people familiar with the matter.
Forstmann Little & Co. attracted first-round bids for the talent agency IMG Worldwide Inc. from Silver Lake Management LLC, TPG Capital, CVC Capital Partners Ltd. and KKR & Co., people familiar with the matter said.
TPG Capital, the private-equity firm started by David Bonderman and Jim Coulter, is close to an agreement to buy pharmacy-benefits manager Envision Pharmaceutical Holdings Inc., according to a person with direct knowledge of the transaction. Terms weren’t disclosed.
Private equity, an investing trade plied by 4,500 firms with $3 trillion in assets, is bracing for a shakeout that’s been brewing since the collapse of credit markets choked off a record leveraged-buyout binge.
TPG Capital, the private-equity firm run by David Bonderman and James Coulter, hired Douglas Paolillo to run a new group that will manage collateralized loan obligations, according to four people with knowledge of the matter.
KKR & Co. and TPG Capital’s best chance for salvaging their failing $48 billion purchase of Energy Future Holdings Corp. in the biggest leveraged buyout ever may hinge on $1.48 billion of junior bonds.
Lone Star Funds, the biggest buyer of delinquent mortgages, is leading the fundraising pack for real estate private equity with a $6 billion target for a pool to buy distressed commercial-property debt and equity.
Hedge funds and private-equity firms are betting on delinquent home loans being sold by the U.S. Federal Housing Administration as the government agency accelerates debt sales to avert a bailout and stem foreclosures.