FORT WORTH—TPG Real Estate partner Robert Weaver, who joined TPG Capital in late 2011 after 20 years with Morgan Stanley, reportedly has left the company. PERE reported Tuesday that Weaver, who was based in TPG's New York City office, has left for a new, undisclosed opportunity beginning in August.
Weaver's apparent departure comes as TPG is wrapping up fundraising on its first dedicated real estate fund, TPG Real Estate Partners II. The fund, for which Weaver led the capital raise, is expected to close at or slightly above its $2-billion target.
Real Estate Partners II's predecessor was launched in 2009 as the lead-in to the launch of TPG's first commingled blind pool real estate fund. The current fund was launched in May of last year. Click here to read the complete story in PERE.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
