TPG holds first close on $5bn for fifth flagship fund
Wednesday, October 28, 2026 · first reported by PERE and 4 others
Elliott Management is in talks to sell UK-based Ark Data Centres to TPG, with the deal valued at about $5bn, according to the Financial Times. No agreement is guaranteed. Elliott first invested in Ark in 2012 and holds a majority stake. Ark operates 27 facilities across the UK and Belgium and serves government agencies and major technology companies.
Synergy Research Group says a sale at that price would rank in the top five worldwide for data centre purchases this year.
- Firm
- TPG
- Fund
- TPG Fund V
- Size
- $5B
- Stage
- First close
- Asset class
- Private equity
- Geography
- Global
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
Coverage
5 sources- PERETPG holds first close on $5bn for fifth flagship fund
- HedgeweekElliott eyes $5bn exit from UK data centre operator Ark
- IREITPG in talks to acquire Ark Data Centres for approximately $5b
- BisnowTPG And ACORE Raise $6B-Plus For CRE Opportunities
- PEI Private EquityTPG targets Q4 close for latest flagship and healthcare fund
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