TPG Capital has raised a combined $12 billion for its eighth flagship buyout fund and a separate vehicle dedicated to healthcare deals, per a report from The Star Online that cites Bloomberg. That's up from a reported $10 billion TPG had raised for the funds as of April. The firm reportedly hopes to raise $14 billion between the two vehicles, with previous reports indicating $2.5 billion of that would go toward the healthcare effort. TPG closed its previous flagship fund on $10.5 billion in 2016.
So far this year, private equity firms in the US have brought in about $143 billion across 152 closed funds, according to the PitchBook Platform. Both totals are set to fall well short of 2017, when 215 US-based PE funds brought in roughly $209 billion, the largest pile of cash in at least a decade.