Tuesday, May 1, 2007
Another private equity firm is considering selling a piece of itself, taking advantage of what Henry Kravis recently described as private equity's "golden age." In this case, TPG (which is a partner in the buyout of Texas utility TXU Corp.) is reportedly in talks with several large penson funds to sell up to 20% of the firm. Maybe a first step to an IPO? See WSJ, TPG Considers Selling 20% Stake, With Pension-Fund Twist.