A former affiliate of private-equity firm TPG has amassed one of the biggest pools of private capital on record as investors seek opportunity from the economic uncertainty unleashed by the coronavirus pandemic. Sixth Street Partners has brought in $10 billion for its flagship fund, a nine-year-old vehicle known as Tao, since it was reopened to new investment in April, according to people familiar with the matter. It now totals $22.5 billion and the firm has told investors it would cap the fund at around $24 billion at the...

Source: Wall Street Journal August 16, 2020 10:52 UTC