Robert Weaver leaves TPG Real Estate
TPG Real Estate partner Robert Weaver will be leaving the company, according to someone close to TPG. Weaver has been with TPG since 2011, after 20 years with Morgan Stanley. He will be leaving in August to join a colleague at a private equity firm.
TPG is currently wrapping up funding on TPG Real Estate Partners II, for which Weaver led the capital raise. The fund is expected to close at or slightly above its $2 billion target. The fund received a commitment of $125 million from the New Jersey Division of Investment earlier this year.
This was TPG’s first dedicated real estate fund and was launched in May 2014.