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Texas Pacific Group Raises New Fund

May 31, 2006

The image “http://portland.indymedia.org/icon/2004/05/288418.jpg� cannot be displayed, because it contains errors.The TPG guys (Fort Worth) are raising their second biotech fund with a $400MM target size.  They plan to invest $20MM per company and have already made a few investments including a round for drug developer Avidia, Five Prime Therapeutics and FoldRx.

For those of you who don’t know about TPG (from their website):

Texas Pacific Group is a leading global private investment firm with over $20 billion of capital under management. We manage a family of funds including private equity, venture capital and public equity and debt investing. Since the firm’s founding in 1992, our investment philosophy has been to create value by investing in change - change created by industry trends, economic cycles or specific company circumstances.

Written by Alexander Muse · Filed Under Uncategorized 

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