"Sovereign wealth funds and pension funds are putting pressure on private equity firms to deploy capital, but funds have found it hard to find places to park money that will produce returns," says Richard Addlestone, a partner at law firm Walkers. One sector increasingly of interest is banks and other financial institutions, but TPG’s experience with its investment in Washington Mutual has made some funds nervous. TPG injected $1.3 billion into WaMu, which might all have been lost following the seizure of the regional bank by the US government. ...
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