Unlike its peers, the U.S. private equity firm TPG Capital is not going public, The Wall Street Journal reports. Firms that have submitted applications to list themselves include Carlyle Group and distressed debt investor, Oaktree Capital Management.
Private equity firms are seeking permanent avenues of funding because of limited financing by banks in the aftermath of the financial crisis. Formerly known as Texas Pacific Group, TPG Capital is a leading global private investment firm managing $47 billion of capital across a range of funds.
Click here for the story from The Wall Street Journal.