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TPG Capital has offered its limited partners the ability to reduce their commitments to its $19.8 billion TPG Partners VI fund by as much as 10%. TPG will also reduce its management fees by about one-tenth and said that it will not call more than 30% of limited partners' commitments in 2009 without approval from their advisory committees. Some of the fund's limited partners include Washington State Investment Board, California Public Employees Retirement System and Pennsylvania Public School Employees Retirement.
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