Fort Worth-based TPG Seeking New $3B Fund to Invest in Companies

TPG, an investor in Uber Technologies Inc. and Airbnb Inc., is seeking $3 billion for its fourth growth-equity fund, according to people with knowledge of the matter.The private equity firm plans to start raising money for the pool this year and is targeting the same amount it got for its third fund, which finished collecting $3 billion in 2015, said the people, who asked not to be identified because they weren't authorized to speak publicly. TPG wants to stay at that amount even as client demand is surpassing it, one of the people said.A spokesman for TPG, which has its main offices in Fort Worth and San Francisco, declined to comment.  Continue reading...

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