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Bloomberg

TPG Raises $4.8 Billion for Growth Fund, Beating Initial Target

TPG Inc. gathered $4.8 billion for the latest iteration of a fund that bets on rapidly growing earlier-stage companies. The private equity firm said it exceeded its initial $4 billion target for TPG Growth VI, adding new investors from the Middle East, Asia and Latin America. TPG took about two years to raise the fund, part of a strategy dating to 2007 that focuses on investments in software and enterprise technology, internet, digital media and communications, health care and business services.