Texas Pacific Group has amassed a $6.7bn (€5.3bn) war chest, the largest amount of uninvested capital available to a single private equity house, following the final close of its fourth buy-out fund at $5.3bn.

TPG Partners IV will total $5.7bn once commitments from partners at the buy-out house are included. Together with the $1bn of uninvested capital still available from TPG Partners III, its $3.4bn predecessor fund raised in 2000, Texas Pacific will have more fresh capital to invest than any of its private equity rivals.