August 3, 2011
According to the article and public documents, the fund is invested about 50 percent in passive index strategies and 50 percent in hedge funds , venture capital, real estate and special investments. The passive index portion has done …. Another common one I have seen (more in Private Equity funds ) is 8% pa. So in your example they would probably take home a performance fee of $10m not $20m, assuming a 5% hurdle rate. Not chump change, but not nothing. …
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July 26, 2011
Executives at TPG Credit Management, out in the market seeking $800 million for TPG Credit Strategies Fund II LP, declined to comment for this article. But one can piece together a picture of this roughly 40-person investment team, … It has operated below the private – equity radar in part because CalPERS categorizes it as a real estate manager, even though it has diversified into underperforming assets and companies in a variety of fields. …
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