INTERVIEW-TPG to get govt funding, tap insurers for yuan fund


SHANGHAI, Aug 23 (Reuters) - TPG Capital [TPG.UL] has secured funding for its yuan-denominated fund from the Shanghai government and will tap Chinese insurers seeking to benefit from a private equity investment boom in the world's fastest-growing major economy, its senior executives said on Monday. TPG aims to raise 5 billion yuan ($736 million) in its first yuan-denominated fund in China. "The market is becoming broader and institutional, with obviously regulations around insurance ...

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