TPG Real Estate has closed its latest opportunistic real estate equity fund, TPG Real Estate Partners IV, with more than $6.8bn (£6bn) in total commitments.
The fund will primarily invest in property‐rich platforms and strategic portfolios in the US and Europe as a continuation of its TPGRE opportunistic fund series. Together the previous funds have invested around $9.1bn in opportunistic real estate.
Avi Banyasz, partner and co-head at TPG Real Estate, said: “We are focused on investing behind themes backed by either long-term secular trends or dislocations caused by capital market volatility. With the close of this fund, we have more dry powder than at any other time in TPGRE’s history.”
