TPG Real Estate ends successful funding round with almost $4B

The founder and co-leader of TPG Real Estate, a US-based real estate platform for assets and financing, says that the company has completed a fundraising round for its TPG Real Estate Partners III means the company is ready to continue developing a differentiated investment portfolio that will set it apart from its competitors. 

TPG Real Estate Partners reports it has closed its TPG Real Estate Partners III fund at more than $3.7 billion

The real estate platform of global alternative asset firm TPG, states that the TPG Real Estate Partners III fund was oversubscribed.

TPG Real Estate Partners, also announced additions to its European operations. Louis-Simon Ferland and James Piper will join TREP’s London team as partners later this year. Ferland most recently served as managing director at Blackstone Real Estate and Piper served as a partner at Ares Management. TPG maintains dual headquarters in San Francisco and Fort Worth.

Together with current TREP Partner Michael Abel, Ferland and Piper will help lead the group’s European investing efforts. Anand Tejani, a partner in the London office, has retired from the firm, TPG announced.

Avi Banyasz, partner and co-head of TPG Real Estate, adds that the firm will focus on building property rich platforms in high growth asset classes and markets as well as in “select areas of dislocation.”

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