TPG Credit recently closed TPG AG Credit Solutions Fund III with over $6.2 billion in capital commitments in the commingled vehicle, exceeding the original $4.5 billion target by nearly 40% and representing an approximate doubling of the $3.1 billion raised in the predecessor vehicle.
Fund III represents the firm’s flagship series of draw-down funds focused on an all-weather, solutions-based approach to investing in special situation credit opportunities. Fund III will focus on providing bespoke, creative and flexible financing solutions to help publicly-traded, privately-held and sponsor-backed companies across a diverse range of industries achieve growth, liquidity and various other objectives.
“We are proud of the strong support we received for Fund III from both long-time clients and new relationships to the strategy and TPG,” Ryan Mollett, managing partner of credit solutions at TPG Credit, said. “We believe this is a testament to the power of our integrated platform and ability to deliver creative, flexible capital solutions to companies across public and private markets in complex environments. Our strategy is built on partnering with management teams and sponsors to address challenges critical to the success of their businesses, and we are committed to using our capital, creativity and scale to help companies and drive performance for our investors.”
