Subject: TPG agrees to sell minority stake: source
From: "Eric Schwerin" <[email-masked]>
To: "Hunter Biden" <[email-masked]>, "Devon Archer" <[email-masked]>, "Arlene Busch" <[email-masked]>
Date: Fri, 1 Apr 2011 10:18:49 -0400

TPG agrees to sell minority stake: source

24 mins ago

NEW YORK (Reuters) – Private equity firm TPG Capital (TPG.UL) has agreed to sell a minority stake in itself to two sovereign wealth funds, the Kuwait Investment Authority and the Government of Singapore Investment Corp, a source familiar with the situation said on Friday.
TPG told its investors in a letter that it had agreed to a small stake sale, said the source who has also seen the letter, although the letter did not specify who the buyers were.
The letter said that the capital would be used to fund the expansion of TPG's existing business lines and firmwide operations, said the source.
(Reporting by Megan Davies, editing by Gerald E. McCormick)

Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
[email-masked]
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