Making it more challenging for TPG, "there has been a steady decline in investors who will invest in first-time" real-estate funds, said Andrew Moylan, Preqin's manager of real-estate data.
The New York Times had a big scoop recently on a lawsuit in Boston that accuses some of the biggest private-equity firms including Bain Capital, TPG and KKR of conspiring to keep takeover prices low during the leveraged-buyout boom from 2003 to 2007.