TPG launched the TPG NEXT fund to back underrepresented alternative investment managers, primarily PE funds.
TPG seeks to partner with investor entrepreneurs as a founding, minority owner, bringing capital and ecosystem resources to help launch, expand, and accelerate businesses.
The TPG NEXT fund is anchored by a $500 million commitment from CalPERS. TPG and CalPERS will also partner to develop resources for investor entrepreneurs and will host gatherings to convene GPs and LPs.
TPG was founded in 1992 and manages $200+ billion in private equity, impact, credit, real estate, and market solutions.
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