TPG Capital’s $14 Billion Funds Formation

Cleary Gottlieb represented TPG Capital in connection with the formation of its eighth flagship buyout fund, TPG Partners VIII, and a Healthcare side car fund, TPG Healthcare Partners.

The TPG VIII Vehicles raised over $14 billion in aggregate commitments, exceeding the initial fundraising target.

TPG is a leading global private investment firm founded in 1992 with over $111 billion of assets under management. TPG’s investment platforms are across a wide range of asset classes including private equity, growth equity, real estate, credit, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of their portfolio.

The Cleary investment fund team on the transaction included partners Liza Lenas (Picture), Adrian Leipsic, and Maurice Gindi, and associates Jamal Fulton, Caroline Odorski, Julio Mojica and Hilary Ruffer. The Cleary tax team included partner Meyer Fedida and associates Daniel Hanna and Jane Song. Partner Amy Shapiro, senior attorney Anna Kogan and corporate practice attorney Olayemi Oladapo advised on financing issues; senior attorney Catherine Taddei and associate Hannah Esslemont on AIFMD and other European regulatory issues; partner Michael Albano and associates Alex Kurtz and Ashley Powell advised on ERISA matters; senior attorney Elizabeth Chang advised on Blue Sky rules; partner Colin Lloyd and associates Clayton Simmons and Resh Patel advised on CFTC matters; and senior attorneys Jim Corsiglia and Patrick Fuller and associate Alexander Young-Anglim advised on AML, sanctions and bank regulatory matters. Senior corporate practice attorney Jodi Erickson and corporate practice attorneys Erin Murty and Jingjing Cui provided subscription document review assistance.

Involved fees earner: Reshma Patel – Cahill Gordon & Reindel; Michael Albano – Cleary Gottlieb Steen & Hamilton; Elizabeth Chang – Cleary Gottlieb Steen & Hamilton; James Corsiglia – Cleary Gottlieb Steen & Hamilton; Jingjing Cui – Cleary Gottlieb Steen & Hamilton; Jodi Erickson – Cleary Gottlieb Steen & Hamilton; Hannah Esslemont – Cleary Gottlieb Steen & Hamilton; Meyer Fedida – Cleary Gottlieb Steen & Hamilton; Patrick Fuller – Cleary Gottlieb Steen & Hamilton; Jamal Fulton – Cleary Gottlieb Steen & Hamilton; Maurice Gindi – Cleary Gottlieb Steen & Hamilton; Daniel Hanna – Cleary Gottlieb Steen & Hamilton; Anna Kogan – Cleary Gottlieb Steen & Hamilton; Alexander Kurtz – Cleary Gottlieb Steen & Hamilton; Adrian Leipsic – Cleary Gottlieb Steen & Hamilton; Elizabeth Lenas – Cleary Gottlieb Steen & Hamilton; Colin Lloyd – Cleary Gottlieb Steen & Hamilton; Julio Mojica – Cleary Gottlieb Steen & Hamilton; Erin Murty – Cleary Gottlieb Steen & Hamilton; Caroline Odorski – Cleary Gottlieb Steen & Hamilton; Olayemi Oladapo – Cleary Gottlieb Steen & Hamilton; Ashley Powell – Cleary Gottlieb Steen & Hamilton; Hilary Ruffer – Cleary Gottlieb Steen & Hamilton; Amy Shapiro – Cleary Gottlieb Steen & Hamilton; Clayton Simmons – Cleary Gottlieb Steen & Hamilton; Jane Song – Cleary Gottlieb Steen & Hamilton; Catherine Taddei – Cleary Gottlieb Steen & Hamilton; Alexander Young‑Anglim – Cleary Gottlieb Steen & Hamilton;

Law Firms: Cahill Gordon & Reindel; Cleary Gottlieb Steen & Hamilton;

Clients: TPG Capital;