TPG’s Little-Known Hedge Fund Had a Big Year in 2015

The private equity giant’s low-key long-short fund has fared well since its September 2013 launch.

When you think of TPG, you think of Texas Pacific Group — one of the largest private equity firms in the business — and its co-founder David Bonderman. The San Francisco firm has more than $70 billion in assets under management.

However, it is not well-known that the firm also has been managing a hedge fund, TPG Public Equity Partners, since September 2013.

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