TPG invested about $2 billion in a combination of common stock, convertible preferred stock and warrants. Others in the group weren't identified. Washington Mutual's common shareholders must vote on a plan to convert the investor group's preferred equity into common. If that happens, TPG would take a 16.1% common equity stake, Washington Mutual said in filing with the Securities and Exchange Commission. - David Carey
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Washington Mutual Inc. said it completed a $7 billion sale of new stock to an investor group led by TPG Capital. The Seattle-based bank announced the deal on April 8. 
