Global private investment firm TPG has closed its sixth Asia-focused fund, TPG Asia VI, with US$3.3 billion in capital commitments. The fund will target investments in the health care, consumer, retail and financial services sectors, with a regional focus on Australia, India, Southeast Asia and China. Half of the fund will likely be dedicated to buyout deals, and the other half to growth capital deals. The firm has already started investing from the fund, having committed more than US$500 million to new investments.