TPG holds $3.7b final close for latest opportunity fund

TPG Real Estate Partners (TREP), the dedicated real estate equity investment platform of global alternative asset firm TPG, has held the final close on its latest opportunity fund, TPG Real Estate Partners III. The fund secured more than $3.7 billion of capital commitments and was oversubscribed.

TREP invests in commercial and residential properties across the United States and Europe through a strategy primarily focused on acquiring and building property-rich platforms and companies.

The firm invests in an array of property types. “From self-storage to senior living, we focus on building property-rich platforms in high-growth asset classes and markets, as well as in select areas of dislocation,” said Avi Banyasz, partner and co-head of TPG Real Estate. “Looking ahead, we will continue to execute our strategy of investing in real estate–intensive businesses, particularly in sectors where we believe we have proprietary insight and operational competitive advanta