TPG Inc is to cut the China investment allocation of its eighth Asia buyout fund, which is set to close with around $5bn in total capital commitments, by about 50% compared with previous funds focused on the region, according to a report by Bloomberg.
The report cites an unnamed person familiar with the matter as confirming the change which will see the investment firm to put about 10% of its Asia VIII pool in China, down from around 25% of invested capital in previous funds.
