$19B TPG Fund Gets Investor OK For Time Extension

Law360, New York (August 9, 2013, 2:52 PM EDT) -- A majority of investors in a more than $19 billion fund of buyout firm TPG Capital LP have approved giving the private equity giant more time to deploy the fund's capital, a source confirmed to Law360 late Thursday.

Investors in TPG Partners VI have approved giving the firm another year, until 2015, to finish spending the fund's capital, a source with knowledge of the deal said. Representatives for TPG declined to comment.

TPG Partners VI was formed in 2008 and its investors include the California Public...
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