Private equity firm TPG reported raising more than $10 billion in new capital during its most recent quarter, significantly boosting its available investment funds. The fundraising success brought TPG's total dry powder to $72.8 billion at the end of the reporting period, according to company disclosures.

The firm also announced it had doubled its capital deployments compared to previous periods, indicating an acceleration in deal-making activity across its investment portfolio.

Separately, Apollo Sports Capital, in partnership with businessman Tom Dundon, announced a $225 million investment in pickleball operations. The investment represents one of the largest financial commitments to the rapidly growing sport, which has seen substantial participation increases in recent years.

Dundon, who owns the Carolina Hurricanes NHL franchise, has previously invested in various sports properties. The pickleball investment reflects broader institutional interest in alternative sports and entertainment assets.

The fundraising activities come as private equity firms navigate varying market conditions, with some focusing on traditional buyout strategies while others explore specialized sectors including sports and entertainment ventures.