
Morning, Term Sheeters. Luisa Beltran here, subbing for the Term Sheet team.
Today’s topic is fundraising, which has gotten more difficult this year and is taking longer for private equity firms. But sometimes a delay can be a benefit. Consider TPG, which just closed its second Tech Adjacencies fund, or TTAD II, at $3.4 billion. David Trujillo and Nehal Raj, TPG partners, are comanaging partners of TTAD.