Global private equity firm TPG Partners files for IPO

• Private-equity firm TPG was founded in 1992 and later changed its name from Texas Pacific Group
• TPG currently counts about 912 employees.
• Rivals: Blackstone Group (BX), KKR & Co. Inc. (KKR), Carlyle Group (CG) and Apollo Global Management (APO) 

Private-equity firm TPG Partners LLC is going public with $109 billion of assets under management in one of the more highly anticipated public stock debuts from the world of alternative investing.

TPG on Thursday filed its IPO prospectus with plans to trade on Nasdaq under the symbol “TPG. “

The Fort Worth, Texas-based financial firm, that previously operated under the name Texas Pacific Group, plans to raise up to $100 million in the IPO, but the dollar figure is likely a placeholder that will change once the company sets terms for the deal.