TPG Capital is a private equity firm. Originally founded in 1992 and known as Texas Pacific Group, the firm has since 2009 made gradual inroads in real estate investment. A relative newcomer to the real estate world, TPG has forged partnerships with other investors and state pensions to break into real estate. The Texas-based companys modus operandi has been to invest in primarily real estate companies, rather than in real estate directly (though it has invested in some California malls, apartments in Florida, and various office buildings). Among the firms it has purchased in recent years are commercial brokerage Cassidy Turley in 2014, as well as brokerage firm Cushman & Wakefield. In 2015, TPG made a greater push into real estate, first purchasing $2.5 billion in high-yield real estate loans from Deutsche Bank AG and then raising another $2 billion for a real estate fund. The funds were earmarked for high-risk real estate. TPGs real estate arm now manages roughly $6 billion in assets.