Feb. 1 (Bloomberg) -- TPG Capital LLP will fund its buyout of GlobeOp Financial Services SA, a hedge fund administrator, with $291 million of debt.

Credit Suisse Group AG is arranging the financing, Fort Worth, Texas-based TPG said in a statement today.

The private equity firm agreed to buy GlobeOp, based in London and New York, for about 508 million pounds ($800 million), or 435 pence a share.

--Editors: Andrew Reierson, Paul Armstrong

To contact the reporter on this story: Patricia Kuo in London at pkuo2@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net