Deals
Ex-TPG Partners Target $1.5 Billion for Maiden Fund
- Ben Gray, Simon Harle said to start marketing in 4th quarter
- New firm said likely to attract money from U.S., Middle East
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The former co-head of Asian operations at TPG, one of the world’s largest buyout firms, is targeting A$2 billion ($1.5 billion) for his first independent fund, people familiar with the matter said.
Ben Gray, 44, plans to start marketing the fund in the fourth quarter, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Gray, who is working with Simon Harle, also a former TPG partner, has told market sources the firm will invest exclusively in Australia and New Zealand, the people said.