TPG is giving investors a chance to sharply reduce commitments to its specialised financial fund, highlighting the difficulties facing buy-out firms seeking to buy distressed banks. TPG Financial Partners originally gained commitments for a $6bn fund in February 2008 but cut back the size of the fund to $4.6bn in January. It is now offering investors the chance to scale back their commitments to $2.5bn.

This entry was posted by Gwen Robinson on Monday, November 16th, 2009 at 4:48 and is filed under Capital markets, Private equity. Tagged with tpg. Edit this entry.