INTERVIEW-UPDATE 1-TPG to tap insurers for Shanghai yuan fund


* TPG aims to raise 5 bln yuan for its first China fund * Plans to take China Grand Auto public * Expects fewer investment restrictions for the fund By Samuel Shen, David Lin and Jacqueline Wong 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. ...

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