T
PG is boosting fundraising for its real‑estate platform, aiming to raise $9‑10 bn for a new opportunistic fund as lower valuations from the recent downturn create fresh buying opportunities, Bloomberg reports. Chief executive Jon Winkelried said the firm is also preparing a next‑generation AG Real Estate fund and a Japan‑focused vehicle targeting office and hospitality assets. Market stress has surfaced higher‑quality properties, enabling TPG to pursue deals more aggressively, he added, emphasizing the importance of timing the cycle for attractive returns. Beyond institutional investors, TPG is designing a wealth‑investor product that blends equity and credit exposure to widen access to real‑estate strategies. The push underscores how large private‑equity firms are repositioning real‑estate platforms amid a pricing reset that is reviving transaction activity.