U.S. News

TPG Considers Selling Stake to Pension Funds-WSJ


TPG, formerly Texas Pacific Group, is in very early discussions with some of its large pension-fund investors to sell them a stake in the private equity firm, the Wall Street Journal reported on its Web site on Tuesday.

The Journal, which cited unnamed sources for the report, said the stake would be under 20%, and it was unclear how much TPG could net but it would likely be billions of dollars.

In addition to selling a stake, TPG is considering packaging some of its existing fund investments in a new public company, the paper reported.

TPG could not immediately be reached for comment.