TPG Said to Sell Stake to GIC

BusinessWeek, 2 Apr 2011April 1 (Bloomberg) -- TPG Capital, the buyout firm started by David Bonderman and Jim Coulter, sold a minority stake to the Government of Singapore Investment Corp. and the Kuwait Investment Authority, according to a person briefed on the decision.The firm, which is based in Fort Worth, Texas, told investors it plans to use proceeds from the sale to finance expansion of