TPG related stories
All articles and analysis
Blackstone joins bid for US hotel chainThe private equity and real estate giant has reportedly teamed up with a group of investors, led by Centerbridge Partners and Paulson & Co., in a $905m bid for bankrupt hotel chain Extended Stay.
- TPG enters retail RE space
TPG Capital and Caruso Capital Partners have formed a joint venture that will invest as much as $750m of debt and equity in retail centers and mixed-use properties in the western US.
- Moody’s: Harrah’s not ‘out of the woods’
Apollo and TPG Capital-backed Harrah’s, loaded with $22bn of debt from its $27bn buyout in 2008, has eased its debt burden through recent refinancings but has not solved its problems, according to Moody's.
- ING offloads office portfolio to Euro, ME investors
ING Real Estate Investment Management, which is currently in the process of being sold, has agreed to sell the last assets of its Real Estate Office Fund of The Netherlands (REOFN) portfolio to a joint venture of Dutch family offices and Middle Eastern institutional investors.
- Undisclosed travel centre of CalPERS probe
The pre-2008 trips - paid for by private equity and real estate GPs - related only to firms in which the US pension owned a management stake or on whose LP advisory boards it sat.
- TPG to raise $736m for China
TPG will join the ranks of other Western firms raising RMB-denominated funds, including Carlyle, KKR and Blackstone. Read more about TPG in the forthcoming issue of PERE.
- TPG doubles up with second RMB fund
Only a day after news of its first RMB fund launch broke, TPG has confirmed it is launching a second, Chongqing-based vehicle, reportedly also with a $736m target.
- Oaktree follows Colony with $1.7bn FDIC deal
The LA-based firm becomes the second private equity house to buy a substantial distressed debt portfolio held by the Federal Deposit Insurance Corporation this week following Colony Capital’s capture of a 1,660 strong loan portfolio.
- ING REIM sale process begins
The sale of ING Real Estate Investment Management is to commence in the next two to three weeks after Morgan Stanley was appointed to market the €64.4bn business. Private equity firms KKR and TPG are reportedly considering bids.
- Colony snaps up $1bn FDIC loan portfolio
Colony Capital, the Los Angeles-based private equity real estate firm led by Tom Barrack, has purchased approximately $1bn in commercial mortgages from the Federal Deposit Insurance Corporation. The deal marks the first significant offload by the state-run organisation this year.