Oct. 15 (Bloomberg) -- TPG Capital may start an Asian fund with assets of up to $5 billion, Reuters reported, citing two unidentified people with knowledge of the matter.

The fund would be the largest started since the start of the financial crisis, the newswire said.

Morgan Stanley is also considering starting a new $1.5 billion Asia-focused fund, Reuters reported.

TPG Capital spokesman Owen Blicksilver declined to comment when contacted by Bloomberg News today.

--Editor: Kim McLaughlin

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