TPG hits final close for its fourth fund

TPG has raised $6.8bn for their latest opportunistic real estate vehicle

Fund Name: TPG Real Estate Partners IV
Amount raised: $6.8 billion
Stage of fundraising: Final close
Final close: October 2022
Predecessor fund:  TPG Real Estate Partners III ($3.7 billion)

TPG has announced the final close of TPG Real Estate Partners IV (TREP IV) at $6.8 billion in commitments, the institution confirmed in a recent press release.

TREP IV focuses on investing across the US and Europe and will continue the same investment strategies as the previous fund in the series, TPG Real Estate Partners III, which raised $3.7 billion in investor commitments.

Investors in Fund IV include the Teachers’ Retirement System of Louisiana, Los Angeles County Employees’ Retirement Association, Texas Municipal Retirement System, Houston Police Officers’ Pension System (HPOPS), Fubon Life Insurance, and China Life Insurance Company (Taiwan).