ARTICLE | Finance
How TCG X will navigate evolving crossover dynamics with new $1B fund
Led by Chen Yu, firm launched in 2021 exceeds planned target for Fund II after string of M&A deals brings returns
January 4, 2024 1:05 PM UTC
With a new $1 billion second fund to invest in public and private companies, TCG Crossover’s Chen Yu believes the firm’s flexibility will be crucial to generating returns as it navigates changes in the sector’s risk environment.
TCG X’s Fund II, announced Thursday, is about 20% larger than the firm’s $824 million, 2021-vintage first fund. Yu said interest from new and existing LPs ran high, as the fund came in above the firm’s initial $900 million hard cap...