TPG Said to Sell Stake to GIC

BusinessWeek, 2 Apr 2011
April 1 (Bloomberg) -- TPG Capital, the buyout firm started by David Bonderman and Jim Coulter, sold a minority stake to the Government of Singapore Investment Corp. and the Kuwait Investment Authority, according to a person briefed on the decision.
The firm, which is based in Fort Worth, Texas, told investors it plans to use proceeds from the sale to finance expansion of new and existing lines of business and into emerging markets, said the person, who declined to be identified because the matter is confidential. Full story

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TPG sells 4.5 pct stake to sovereign funds -source - Reuters