Fundraising

The firm has seen appetite for its first developed markets impact credit fund from pensions and insurers, head of impact strategy Diane Mak told New Private Markets.

The firm’s entry into private debt with a direct lending fund will target sponsored and non-sponsored companies.

Infrastructure debt bucked the slow fundraising trend that restrained many parts of the private markets in 2023.

A difficult environment for fundraising skews the odds in favour of the largest managers.

The Singaporean investor has raised its second private debt fund due to strong opportunities identified in the region.

TPG says it has expanded its sponsor network and completed almost 200 transactions.

The firm's credit AUM is up 25% year-on-year as it chases an overall $40bn fundraising goal, across funds and strategies, for 2024.

Regulatory concerns focus on private debt’s perceived growth into new areas – but capital is flowing into an already well-trodden part of the market.

The deal follows a number of major commitments to European private credit from the Abu Dhabi sovereign wealth fund.

Fundraising bounced back in the second quarter to end H1 only just below the total seen in the same period last year.