J. CREW = GOOD NEWS FOR TPG

Market watchers already know that J. Crew went public yesterday with a boffo IPO. That’s extra good news for Fort Worth-based Texas Pacific Group. The investors over there got a big win. From The Deal:

Including unrealized gains, TPG is showing more than a 425% gain on the $125 million to $135 million it invested over nine years.

Lessee … 425 percent of $130 million … carry the 4 … that’s, like, at least $20.