Surpasses all Expectations

Remember, 1/2 dozen private equity companies with gross revenues of $100 billion each by the end of the decade... Check out latest super successful $14 billion fund raising... Also, oil money has found a way to "buy in" without having to put their mark on it.

Where does it all end?

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Texas Pacific raises record $14bn for new fund
By Peter Smith In New York
Published: April 2 2006 22:01 | Last updated: April 2 2006 22:01

Texas Pacific Group will this month tell investors it has raised more than $14bn for its latest buy-out fund, the biggest single pool of capital raised in global private equity.

TPG recently contacted investors to say it planned to inflate the size of its new fund beyond its original target, which was initially expected to be in the $10bn to $12bn range.

The decision follows a seemingly insatiable appetite from new and former investors, including banks, insurance companies, public and private pensions schemes, university endowments and wealthy individuals, to pump capital into the asset class.

Larger amounts of Middle Eastern capital are also flowing into private equity funds.