TPG Announces Inaugural TPG NEXT Fund to Invest in Underrepresented Alternative Asset Managers

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Jan 10, 2023

TPG (NASDAQ: TPG), a global alternative asset management firm, today announced the launch of the inaugural TPG NEXT fund, which will back the next generation of underrepresented alternative asset managers. CalPERS will anchor the fund with a $500 million commitment, and TPG will continue to raise third-party capital to address its significant pipeline and compelling opportunity set across the diverse manager landscape. The target size of the fund was not disclosed.