Global alternative asset manager TPG has closed TPG Asia Fund VII with USD4.6 billion in capital commitments. Investors in the fund include CalPERS, Teacher Retirement System of Texas, Autorité des Marchés Financiers (AMF), New Mexico State Investment Council, NH Financial Group, and Korea Investment & Securities. Lexington Partners also committed capital to the new fund in conjunction with a tender offer for partnership interests in TPG’s fifth and sixth Asia-focused funds. The combined transaction reportedly represented a total commitment from Lexington of USD1 billion.