San Francisco · Growth–Late Stage · 29 people tracked
Also known as AGTB FUND MANAGER, LLC · ANGELO, GORDON & CO., L.P. · PCM MANAGEMENT ADVISOR, LLC · TPG Angelo Gordon · Tpg Capital Advisors, Llc · Tpg Financial Advisors, Llc · Tpg Global Advisors, Llc · TPG RE FINANCE TRUST MANAGEMENT, L.P. · TPG REAL ESTATE ADVISORS, LLC · Tpg Solutions Advisors, Llc
Investment thesis
TPG is a diversified global alternative asset manager deploying capital across private equity, impact, credit, real estate, and market solutions. Its real estate arm builds and scales operating platforms by partnering with experienced management teams, as illustrated by the launch of Arcura Medical Properties following the acquisition of a European medical outpatient portfolio. TPG emphasizes collaboration, innovation, and inclusion, combining deep sector expertise with broad capabilities to add value for fund investors, portfolio companies, and communities.
Source: firm website, verified Aug 25, 2026.
Team · 29 people
from the firm's website & curated & public directories
Founder mafia
3 people who came through TPG went on to found or lead other companies.
What they invest in
from 42 of 56 portfolio companiesHealthtech ×18AI & Machine Learning ×15Enterprise Software ×15Biotech ×9Digital Health ×9SaaS ×8Data & Infrastructure ×6E-commerce ×6
HQs:United States×27India×2China×1Germany×1Indonesia×1Lithuania×1
Investments · 56 tracked
founders shown can be your intro pathBy year:2026 · 42025 · 32024 · 22023 · 12019 · 12018 · 22014 · 114 dated
Allogene Therapeutics develops allogeneic CAR T cell therapies (AlloCAR T) for blood cancers, solid tumors, and autoimmune diseases, using off-the-shelf manufactured cell products rather than patient-derived autologous approaches.
BiotechHealthtechMedical DevicesSouth San Francisco, US
ROBERT ABRAHAM(Director)JOSHUA A. KAZAM(Executive Officer, Director)DAVID M. TANEN(Executive Officer)FRANZ HUMER(Director)JOHN DEYOUNG(Director)
BoardOWEN WITTE(Director)
Co-investorsAvoro Capital AdvisorsForesite CapitalVida Ventures
Publicly traded Arlington, Virginia healthcare company delivering clinical and financial results for value-based care providers.
HealthtechArlington, US
SETH BLACKLEY(Executive Officer, Director)inFrank Williams(Director)Seth Blackley(Executive Officer)inJONATHAN WEINBERG(Executive Officer)Thomas Peterson(Executive Officer)AAMMAAD SHAMS(Executive Officer)
Co-investorsSilver Lake Partners
LifeStance provides mental healthcare services through a network of clinicians and therapists, delivering outpatient psychiatric and behavioral health treatment across the United States.
Digital HealthHealthtechMental HealthScottsdale, US
David Bourdon(Chief Executive Officer)Ryan McGroarty(Chief Financial Officer)Stephanie Eken(Chief Medical Officer)Dan Ferris(Chief Growth Officer)Richard Hall(Chief Shared Services Officer)Lisa Miller(Chief Operating Officer)
Co-investorsSilversmith Capital Partners
AmSpec is a Testing, Inspection, and Certification (TIC) company with over 300 sites globally that tests and certifies fuels, commodities, and emissions qualities across the energy supply chain.
CleantechClimate TechEnergyEnterprise SoftwareCranbury, US
Matt Corr(CEO)
Co-investorsOlympus Partners
Boomi provides a cloud-based integration and automation platform used by enterprises for connecting applications, data, and workflows as part of digital transformation efforts.
AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareSaaS
Steve Lucas(Chairman & Chief Executive Officer)inValerie Rainey(President of Global Operations & Chief Financial Officer)inDiane Fanelli(Chief Revenue Officer)inGreg Wolfe(Chief Commercial Officer)inEd Macosky(Chief Product and Technology Officer)inKeyur Ajmera(Chief Information Officer)in
Co-investorsFrancisco PartnersGolub GrowthSixth Street
Cambridge Mobile Telematics (CMT) builds telematics technology used to measure driving and improve road safety, serving the auto insurance, mobility, and transportation sectors.
AI & Machine LearningInsurTechIoTMobility & TransportationCambridge, US
Hari Balakrishnan(Executive Officer, Director, Promoter)William Powers(Executive Officer, Director, Promoter)inFran Smith(Executive Officer)
BoardScott Jarr(Director)Anton Ossip(Director)
Co-investorsGeneral CatalystRaptor GroupSoftBank Vision FundAllianz X
Covetrus provides a practice improvement platform for veterinary clinics, offering practice management software, payment processing, diagnostics, prescription and online pharmacy management, client communications, and supply/distribution services.
E-commerceEnterprise SoftwareHealthtechSaaSPortland, US
Christine T Komola(Executive Officer)inDavid E Shaw(Director)Russell Cooke(Executive Officer)Anthony Providenti(Executive Officer)Georgina Wraight(Executive Officer)David Christopher Dollar(Executive Officer)
Co-investorsHLM Venture PartnersValspring Capital
Novotech is a contract research organization (CRO) that provides clinical trial execution and scientific advisory services for biotech and biopharma sponsors, including complex cell and gene therapy trials.
BiotechDigital HealthHealthtech
Anand Kumaresh Tharmaratnam(Chief Executive Officer & Chairman)inVivek Kapoor(Chief Financial Officer)Tim Bray(Chief Human Resources Officer)inJudith Ng-Cashin(Chief Medical Officer)inPrashant Dhami(Chief Strategy Officer)inDylan Matzinger(Chief Business Officer)in
Co-investorsGICTemasekMercury Capital
Rubicon Carbon invests in and finances carbon removal and emissions reduction projects through forest restoration, peatland protection, and innovative carbon capture technologies.
CleantechClimate TechFintechImpact & Social Good
Tom Montag(Founding Chief Executive Officer)
BoardAnne Finucane(Chairwoman)
Co-investorsJetBlue VenturesSKY VCBank of AmericaThe Rise Fund
Santa Ana Bio is a biotech company developing engineered antibody therapeutics that target the immune pathways and cells driving autoimmune and inflammatory diseases.
AI & Machine LearningBiotechHealthtechAlameda, US
Peter Emtage(Founder & CEO)inAlexander Rudensky(Scientific Founder)Richard Flavell(Scientific Founder)Graham Lord(Scientific Founder)Ansuman Satpathy(Scientific Founder)Newman Yeilding(Chief Medical Officer)in
Co-investorsVersant VenturesAccess BiotechnologyAndreessen HorowitzGV (Google Ventures)RTW Investments L.P.
Adare Ventures is a single family office that invests in early-stage venture capital funds.
Anthropic is an AI safety research company that builds reliable, interpretable, and steerable AI systems.
AI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwareSan Francisco, US
Dario Amodei(Co-founder & CEO)inDaniela Amodei(Co-founder & President)inTom Brown(Co-founder)inJack Clark(Co-founder & Head of Policy)inJared Kaplan(Co-founder & Chief Science Officer)Chris Olah(Co-founder & Interpretability Research Lead)
Co-investors3Comma Capital7BC Venture CapitalA.Capital VenturesAccelAlkeon InnovationAllen Institute for AI (AI2) Incubator+85 more
European healthcare real estate platform owning and operating medical outpatient buildings, launched following TPG's ~€400M acquisition of a German and Dutch medical outpatient portfolio.
Arcura is a specialist owner and manager of medical real estate across Europe, providing outpatient healthcare infrastructure to clinical operators.
HealthtechPropTech
AskBio is a gene therapy company developing adeno-associated virus (AAV)-based genetic medicines for rare and other diseases, with clinical programs such as AB-1009 for late-onset Pompe disease.
BiotechDeep TechHealthtechDurham, US
Co-investorsVida VenturesColumbus Venture Partners
CookieYes is a cookie consent management platform that helps businesses comply with global data privacy regulations including GDPR, CPRA, and LGPD.
AdTechEnterprise SoftwareSaaSUnited Kingdom, India
Anvar T K(Founder)in
Co-investorsBrighteye VenturesChemistryE4E AfricaEight Roads VenturesEntrepreneur FirstFf Venture Capital+16 more
Denodo provides a data management platform based on data virtualization, offering a universal semantic layer, data marketplace, query optimization, and governed real-time access across multiple sources for enterprises.
AI & Machine LearningData & InfrastructureEnterprise Software
Angel Viña(Founder)in
Co-investorsHGGCSilver Lake Partners
Chinese online-to-offline digital healthcare group operating on-demand medicine delivery, smart pharmacies and online medical consultation.
Dream11 is a fantasy sports platform operated by Sporta Technologies where users create fantasy teams to play games based on real-world sporting events.
ConsumerGamingSports TechMumbai, IN
Harsh Jain(Founder)in
Co-investorsAlpha Wave GlobalKalaari CapitalThink InvestmentsDST GlobalTiger Global Management
Earnix provides intelligent, composable operations software that helps insurers and banks deliver personalized, dynamic customer engagements.
AI & Machine LearningEnterprise SoftwareFintechInsurTechSaaSNewton, US
Ofir Shaish(Secretary)inUdi Ziv(President and Director)inRichard Dionne(Treasurer)Sammy Krikler(Director)
BoardReuven Ben Menachem(Director)Haim Shani(Director)
Co-investorsBenhamou Global VenturesIsrael Growth PartnersViola VenturesClaltechHighVistaHollyport Capital+3 more
Twinsburg, Ohio-based national pharmacy benefit manager offering transparent and traditional PBM, mail-order, specialty and Part D services.
Fenwal Inc. supplies blood collection, separation and storage technologies for the transfusion medicine industry.
Fractal is a gaming platform offering free browser-based games, tournaments and rewards, plus tooling for game studios.
Co-investors1/1 CapitalEniac VenturesMulticoin CapitalParadigmPosition Ventures
GoHealth operates a health insurance marketplace that uses machine learning and licensed agents to match consumers with health insurance plans, including Medicare Advantage plans, based on their needs and budget.
AI & Machine LearningHealthtechInsurTechMarketplaces
Co-investorsACE & Company
Harlem Capital is a venture capital firm that invests in early-stage startups, with a stated focus on backing diverse founders.
Sector Agnostic
Henri Pierre-JacquesJarrid Tingle
Co-investorsDarco CapitalDorm Room
Hologic develops medical technologies for women's health across all life stages, serving healthcare professionals and patients globally.
Digital HealthFemTechHealthtechMedical Devices
Co-investorsAscent Venture PartnersBlackstone
Infinidat develops enterprise storage solutions for data protection, business continuity, and hybrid multi-cloud environments.
Cloud ComputingCybersecurityData & InfrastructureEnterprise SoftwareWaltham, US
Co-investorsCaesar VenturesGoldman Sachs
IPSY is a subscription-based beauty membership that delivers monthly boxes of curated cosmetics and beauty products to consumers.
ConsumerDirect to ConsumerE-commerceSanta Monica, US
Marcelo Camberos(Founder)Jennifer Goldfarb(Founder)inMarcelo Camberos (IPSY)Michelle PhanGalen SmithRichard Frias
Co-investors500 GlobalAmino CapitalBullpen CapitalCrosscut VenturesGraph VenturesOmega Venture Partners+2 more
IQVIA is a healthcare data and technology company that supports life sciences organizations in research, clinical development, and commercialization of medicines and medical solutions.
AI & Machine LearningBiotechData & InfrastructureDigital HealthEnterprise SoftwareHealthtech
Co-investorsLeonard Green
Kelsey-Seybold Clinic is a multispecialty healthcare provider offering primary care, pediatric, and specialty medical services across more than 40 locations, with online appointment booking and virtual urgent care.
Digital HealthHealthtechHouston, US
Provider of home health, hospice and community care services.
Co-investorsWCAS
U.S. specialty hospital operator running long-term acute care, rehabilitation and behavioral health services, founded 1985 in Louisville.
LiveLike is a New York-based fan engagement platform providing interactive and gamification tools for sports broadcasters and media companies.
New York City, US
Co-investorsTechstarsCourtside VenturesDentsu VenturesElysian Park VenturesGreycroft Partners
Monogram Health is a value-based, in-home multispecialty medical provider focused on nephrology and related chronic conditions, offering care such as in-home dialysis and personalized patient pathways.
Digital HealthHealthtechWellness & FitnessNashville, US
Michael Uchrin(Co-Founder & CEO)CHRIS CHI(Executive Officer)CHRISTOPHER BOOKER(Executive Officer, Director)
BoardWILLIAM FRIST(Director)inCASPER DE CLERCQ(Director)in
Co-investorsCVS Health VenturesFrist Cressey VenturesNorwest Venture Partners
Clinical-stage biotech developing neoantigen-targeted T cell receptor (TCR) therapies for cancer; acquired by AstraZeneca.
BiotechNew York, US
Carsten Linnemann, PhD(Executive Officer, Director, Promoter)Antonius N.M. Schumacher(Director)Fei Chen(Director)
BoardDavid M. Tanen(Director, Promoter)Helen Kim(Director)
Co-investorsEcoR1 CapitalJeito CapitalVida Ventures
US developer and manufacturer of generic and specialty pharmaceuticals, acquired by Endo International in 2015 for $8.05bn.
Precision for Medicine is a contract research organization that provides clinical trial management and regulatory support for drug development programs, including oncology, hematology, cell and gene therapy, CAR-T, and radiopharmaceutical trials.
AI & Machine LearningBiotechDigital HealthHealthtech
Co-investorsJ.H. WhitneyOak HC/FT
Q-Centrix is a US healthcare clinical data management company providing outsourced quality-measure abstraction and curation for hospitals.
Salsify offers an Intelligent Product Experience Management (PXM) platform that turns product data into commerce experiences across physical, digital, and AI-driven ("agentic") shelves.
E-commerceMarketing TechSaaS
Rob GonzalezJeremy Redburn(Founder)in
Co-investorsBright Pixel CapitalCathay InnovationHighland EuropeMatrixUnderscore VCVenrock+1 more
Sayari provides forensic investigation services using corporate records, trade data, and network analysis to uncover hidden risk networks across sanctions evasion, financial crime, counternarcotics, and adversary operations for law enforcement and government clients.
AI & Machine LearningEnterprise SoftwareFintechGovTechLegalTechWashington, US
Farley Mesko(Executive Officer)inEric Rhoades(Executive Officer)inBenjamin Power(Executive Officer)inDavid Asher(Executive Officer)in
BoardMike Zappert(Director)Benjamin Cukier(Director)
Co-investorsIn-Q-TelCentana Growth PartnersIronGate Capital AdvisorsJoule VenturesLavrock VenturesMissionOG+3 more
Shadowfax operates a logistics and delivery network in India, using a crowdsourced fleet of trucks, delivery partners, and agents to provide same-day and next-day courier and delivery services.
AI & Machine LearningE-commerceLogistics & Supply Chain
Abhishek Bansal(Founder)inPraharsh Chandra(Founder)in
Co-investorsIndigoEdgeNewBuild.VCNGP CapitalQualcomm VenturesTitan CapitalTrifecta Capital Advisors+2 more
Sonatype provides software supply chain management and security solutions for managing open source software and AI dependencies.
CybersecurityDeveloper ToolsEnterprise SoftwareFulton, US
Brian Fox(Chief Technology Officer and co-founder)inWAYNE JACKSON(Executive Officer, Director)inDAVID C. MILLER(Executive Officer)
BoardANN WINBLAD(Director)inSAMEER GANDHI(Director)inMICHAEL O'DELL(Director)
Co-investorsAccelAspenwoodBlue Delta CapitalCanvas VenturesFounders Circle CapitalGolub Growth+2 more
Sudo Biosciences develops small molecule therapeutics for neurological and immune-mediated inflammatory conditions.
BiotechHealthtechMedical DevicesMenlo Park, US
Jim Bristol(Director)Daniel Estes(Director)Scott Byrd(Executive Officer, Director)
Co-investorsFrazier Life SciencesMonograph Capital PartnersSanofi VenturesSV Health InvestorsDementia Discovery Fund
Super.AI provides intelligent document processing (IDP) software that automates information extraction and downstream business processes from documents for enterprises in logistics, shipping, financial services, and technology sectors.
AI & Machine LearningData & InfrastructureEnterprise Software
Brad Cordova(Founder)in
Co-investorsMosaic VenturesNFXSeaplane Ventures
SuperApp is a mobile shopping platform that enables users to browse, purchase, and receive deliveries through a single app.
B2B MarketplacesConsumerE-commerceMarketplacesSurabaya, ID
Michael Rendy Tanuwidjaja(Founder)inSteven Wongsoredjo(Founder)in
Co-investorsNew Enterprise Associates (NEA)Y CombinatorAlpha JWC VenturesGold House VenturesSBVATNBAura
Thatgamecompany is a video game developer, known for the game Sky, and produces related media including a wordless animated feature titled "Sky: The Two Embers" that reveals the origin story of the game's world.
ConsumerGamingMedia & EntertainmentLos Angeles, US
Jenova Chen(CEO & Creative Director)inSam McGrath(Chief Technology Officer)Peter Lee(Chief Information Officer)
Co-investorsKleiner PerkinsQualcomm VenturesTRANSCENDCapital Today
Unchained Labs builds instruments for lipid nanoparticle and other nanomedicine production, spanning R&D formulation screening through GMP-compliant clinical manufacturing.
AI & Machine LearningBiotechHardwareHealthtechPleasanton, US
Tim Harkness(Executive Officer, Director)inJason Novi(Executive Officer)in
BoardHeather Preston(Director)Brent Ahrens(Director)inJack Nielsen(Director)Joe Keegan(Director)
Co-investorsCanaan PartnersCEI VenturesTri-Valley Ventures
United Family Healthcare (和睦家医疗) is a private healthcare provider operating hospitals and clinics that offer patient-centered medical services across the full life cycle, including preventive care, diagnosis, treatment, and rehabilitation.
Digital HealthHealthtechMedical DevicesWellness & Fitness
吴启楠 (Roberta Lipson / Qi'nan Wu)(CEO, New Frontier Health / United Family Healthcare)沈晓雁(护理副总裁 (Vice President of Nursing))
Co-investorsWarburg Pincus
Veeam provides data resilience software, including backup and recovery solutions for enterprise IT environments.
Cloud ComputingCybersecurityData & InfrastructureEnterprise Software
Anand Eswaran(Chief Executive Officer (CEO))inMatthew Bishop(Chief Operating Officer (COO))inJohn Jester(Chief Revenue Officer (CRO))inDustin Driggs(Chief Financial Officer (CFO))inLucy Hur(Chief People Officer (CPO))inRehan Jalil(President, Products & Technology)in
Co-investorsAlkeon InnovationConvergeMayfield FundRuna CapitalInsight PartnersTemasek
Vinted operates an online marketplace for buying and selling secondhand clothing, accessories, and related items across categories such as women's, men's, and jewelry.
Circular EconomyE-commerceMarketplaces
Justas Janauskas(Co-founder)inMilda Mitkutė(Founder)in
Co-investorsAccelBurda Principal InvestmentsInsight PartnersLightspeed Venture PartnersAspire11Cross Creek Advisors+8 more
WellSky develops clinical software solutions for blood and pharmacy management, with a focus on medication management and related healthcare operations.
AI & Machine LearningDigital HealthEnterprise SoftwareHealthtechImpact & Social GoodSaaSAustin, US
Bill Millerin
Co-investorsLeonard Green
Wireless Logic is a global IoT connectivity provider that helps businesses deploy, manage, and scale connected devices across cellular and satellite networks in over 25 countries, managing around 20 million connections.
CybersecurityEnterprise SoftwareIoTLogistics & Supply Chain
Oliver Tucker(Co-Founder & CEO)inPhil Cole(Co-Founder)
Co-investorsGeneral AtlanticMontaguKarma VenturesPartners Group
Zenoti provides cloud-based software for managing operations at salons, spas, medspas, and fitness businesses in the beauty and wellness industry.
AI & Machine LearningCloud ComputingSaaSWellness & FitnessBellevue, US
Sudheer Koneru(Founder & CEO)inDheeraj Koneru(Co-founder)inAnand Arvind(Co-founder & Chief Product Officer)inNeal Singh(Chief Operating Officer)inAmita Tomkoria(Head of Global Finance)inSunil Koneru(Head of Professional Services & Customer Experience)in
Co-investorsAccelAvataar Venture PartnersAdvent InternationalNorwest Venture PartnersTiger Global Management
Zipline builds and operates an autonomous drone delivery network for health, retail and food goods in Africa, Japan and the US.
Zum provides cloud-based software and logistics optimization for school bus transportation, serving school districts to improve route efficiency, vehicle utilization, safety transparency, and costs.
EdTechLogistics & Supply ChainMobility & TransportationSaaS
Ritu Narayan(Founder & CEO)in
Co-investorsAngelPadBMW i VenturesClearvision VenturesClimate InvestmentDnx VenturesFundersClub+10 more
Exits · 3
IPOs and acquisitions across the tracked portfolioAllogene TherapeuticsNASDAQ: ALLOEvolent HealthNYSE: EVHLifeStance HealthNASDAQ: LFST
Portfolio news
latest coverage across their companies
Covetrus · foxnews.com · Aug 23, 2026
Dream11 · storyboard18.com · Aug 22, 2026
LifeStance Health · investing.com · Aug 19, 2026
Fractal · tradingview.com · Aug 19, 2026
Hologic · ad-hoc-news.de · Aug 18, 2026
Evolent Health · marketbeat.com · Aug 18, 2026
Vinted · valueaddedresource.net · Aug 17, 2026
Anthropic · Reuters · Aug 15, 2026
Fund performance · per public LP disclosures · 68
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| TPG NEXT (A), L.P.LPs: California Public Employees' Retirement System | 2025 | — | — | 1.00x | 1.00x |
| TPG Twin Brook Direct Lending Fund VILPs: Maine Public Employees Retirement System | 2025 | — | — | 0.99x | — |
| TPG Angelo Gordon Credit Solutions Fund III, L.P.LPs: Employees' Retirement System of Rhode Island | 2024 | — | — | 1.17x | 0.00x |
| TPG Asia VIII (A)LPs: California Public Employees' Retirement System, California State Teachers' Retirement System | 2024 | — | — | 1.13x | 0.00x |
| TPG GP Solutions (A), L.P.LPs: Empire State Development – New York Ventures, California Public Employees' Retirement System | 2024 | — | — | 1.12x | 0.00x |
| TPG Growth VI, L.P.LPs: Washington State Investment Board, California Public Employees' Retirement System, Minnesota State Board of Investment | 2024 | — | 9.7% | 1.06x | 0.39x |
| TPG Life Sciences Innovations, L.P.LPs: California Public Employees' Retirement System | 2024 | — | — | 0.71x | 0.00x |
| TPG Rise Climate IILPs: Washington State Investment Board, Michigan Municipal Employees' Retirement System, Teachers' Retirement System of the City of New York +2 more | 2024 | — | — | 0.00x | — |
| TPG Asia VIIILPs: Washington State Investment Board | 2023 | — | 17.4% | 1.30x | 0.09x |
| TPG Healthcare Partners II, L.P.LPs: Washington State Investment Board, Oregon Public Employees Retirement System, Contra Costa County Employees' Retirement Association +3 more | 2023 | — | — | 1.22x | 0.06x |
| TPG Partners IX, L.P.LPs: Washington State Investment Board, California Public Employees' Retirement System, Oregon Public Employees Retirement System +8 more | 2023 | — | 18.9% | 1.22x | 0.15x |
| AG Realty XILPs: Teachers' Retirement System of Oklahoma | 2022 | — | 5.2% | 1.07x | 0.05x |
| Angelo Gordon Direct Lending Fund VLPs: Maine Public Employees Retirement System | 2022 | — | 10.6% | 1.21x | 0.27x |
| TPG IVLPs: Teachers' Retirement System of Oklahoma, Michigan Municipal Employees' Retirement System | 2022 | — | 3.8% | 1.04x | 0.01x |
| TPG Real Estate Partners IVLPs: Texas Municipal Retirement System, Michigan Municipal Employees' Retirement System, Los Angeles County Employees Retirement Association +4 more | 2022 | — | 6.9% | 1.09x | 0.01x |
| TPG Rise Climate Co-InvestLPs: New York City Employees' Retirement System, Teachers' Retirement System of the City of New York, New York City Board of Education Retirement System | 2022 | — | 23.5% | 1.43x | 0.27x |
| Angelo Gordon Direct Lending Fund IV AnnexLPs: Maine Public Employees Retirement System | 2021 | — | 10.8% | 1.32x | 0.63x |
| The Rise Fund II LPLPs: Florida State Board of Administration | 2021 | — | 10.4% | 1.34x | 0.13x |
| TPG Growth V LPLPs: Washington State Investment Board, Oregon Public Employees Retirement System, California Public Employees' Retirement System +6 more | 2021 | — | 12.2% | 1.39x | 0.41x |
| TPG Rise ClimateLPs: Michigan Municipal Employees' Retirement System, New Jersey Division of Investment, Los Angeles City Employees' Retirement System +4 more | 2021 | — | 12.4% | 1.20x | 0.24x |
| TPG Tech Adjacencies II, L.P.LPs: California Public Employees' Retirement System, Minnesota State Board of Investment, Public Employee Retirement System of Idaho +1 more | 2021 | — | 12.7% | 1.25x | 0.31x |
| Angelo Gordon Direct Lending Fund IILPs: Maine Public Employees Retirement System | 2020 | — | 15.6% | 1.45x | 1.26x |
| Angelo Gordon Direct Lending Fund IVLPs: Maine Public Employees Retirement System | 2020 | — | 10.3% | 1.39x | 0.69x |
| TPG Asia VII (A), L.P.LPs: California Public Employees' Retirement System, California State Teachers' Retirement System, Richard King Mellon Foundation | 2019 | — | 11.2% | 1.46x | 0.64x |
| TPG Capital VIII (Healthcare Sidecar)LPs: The Regents of the University of California | 2019 | — | — | 0.75x | 0.00x |
| TPG Golden Bear Partners, L.P.LPs: California Public Employees' Retirement System | 2019 | — | 16.5% | 1.75x | 0.19x |
| TPG Partners VIII, L.P.LPs: Washington State Investment Board, Oregon Public Employees Retirement System, California State Teachers' Retirement System +8 more | 2019 | — | 13.5% | 1.51x | 0.35x |
| TPG Real Estate Partners IIILPs: Texas Municipal Retirement System, New Jersey Division of Investment, Los Angeles County Employees Retirement Association +2 more | 2019 | — | 9.3% | 1.42x | 0.73x |
| AG Realty Fund X, L.P.LPs: Minnesota State Board of Investment | 2018 | — | 8.3% | 1.28x | 0.70x |
| AG Realty Value XLPs: Teachers' Retirement System of Oklahoma | 2018 | — | 7.5% | 1.24x | 0.66x |
| Angelo Gordon Direct Lending Fund IIILPs: Maine Public Employees Retirement System | 2018 | — | 9.5% | 1.42x | 1.04x |
| The Rise Fund LPLPs: Florida State Board of Administration | 2018 | — | 9.4% | 1.44x | 0.62x |
| TPG Capital VIIILPs: The Regents of the University of California | 2018 | — | 17.2% | 1.54x | 0.43x |
| TPG Capital VIII (Healthcare I)LPs: The Regents of the University of California | 2018 | — | 11.7% | 1.34x | 0.29x |
| TPG Growth IV LPLPs: Empire State Development – New York Ventures, Washington State Investment Board, California State Teachers' Retirement System +9 more | 2018 | — | 14.1% | 1.70x | 0.99x |
| TPG HEALTHCARE PARTNERS LPLPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System +2 more | 2018 | — | — | 1.34x | 0.28x |
| TPG Tech Adjacencies, L.P.LPs: Public Employee Retirement System of Idaho, Hawaii Employees' Retirement System, Santa Barbara County Employees' Retirement System | 2018 | — | 12.6% | 1.46x | 0.67x |
| TPG Growth III-A LPLPs: Empire State Development – New York Ventures, California State Teachers' Retirement System, Florida State Board of Administration | 2016 | — | 15.2% | 1.66x | 1.20x |
| TPG Growth III, L.P.LPs: Oregon Public Employees Retirement System | 2015 | — | 15.2% | 1.61x | 1.20x |
| TPG Partners VII, L.P.LPs: Oregon Public Employees Retirement System, Washington State Investment Board, Empire State Development – New York Ventures +6 more | 2015 | — | 18.8% | 2.00x | 1.83x |
| AG Realty Fund IXLPs: Minnesota State Board of Investment, John D. and Catherine T. MacArthur Foundation | 2014 | — | 4.8% | 1.25x | 1.05x |
| TPG Opportunities Partners III, L.P.LPs: Washington State Investment Board, Sacramento County Employees' Retirement System | 2014 | — | 8.2% | 1.21x | 1.10x |
| AG Realty Fund VIIILPs: Nebraska Investment Council, John D. and Catherine T. MacArthur Foundation | 2012 | — | 10.8% | 1.40x | — |
| Tpg Asia Vi, LPLPs: San Diego County Employees Retirement Association, Richard King Mellon Foundation | 2012 | — | 8.8% | 1.59x | 1.19x |
| TPG Opportunities Partners II, L.P.LPs: Washington State Investment Board | 2012 | — | 16.5% | 1.70x | 1.60x |
| TPG Growth IILPs: Florida State Board of Administration, Oregon Public Employees Retirement System, Los Angeles City Employees' Retirement System | 2011 | — | 14.8% | 1.80x | 1.78x |
| AG TALF Partners, L.P.LPs: North Carolina Retirement Systems | 2009 | — | 22.4% | 1.32x | 1.32x |
| TPG - TAC 2007, L.P.LPs: Florida State Board of Administration | 2009 | — | 2.1% | 1.06x | 1.06x |
| TPG Asia VLPs: California Public Employees' Retirement System, California State Teachers' Retirement System, Empire State Development – New York Ventures +3 more | 2008 | — | — | 1.42x | 1.38x |
| TPG Biotechnology Partners III, L.P.LPs: California Public Employees' Retirement System, North Carolina Retirement Systems | 2008 | — | 11.0% | 2.17x | 2.12x |
| TPG Financial Partners, L.P.LPs: California State Teachers' Retirement System | 2008 | — | 0.8% | 1.04x | 1.04x |
| TPG Fund VILPs: Employees' Retirement System of Rhode Island | 2008 | — | 7.8% | 1.33x | 1.33x |
| TPG Partners VILPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, Washington State Investment Board +13 more | 2008 | — | 9.7% | 1.49x | 1.48x |
| TAC 2007 LP (A.K.A. TPG Credit Fund)LPs: Florida State Board of Administration | 2007 | — | 2.1% | 1.06x | 1.06x |
| TPG Biotechnology Partners II, L.P.LPs: California Public Employees' Retirement System, North Carolina Retirement Systems | 2006 | — | 2.9% | 1.21x | 1.21x |
| TPG Fund VLPs: Employees' Retirement System of Rhode Island | 2006 | — | 4.8% | 1.36x | 1.36x |
| TPG Partners V LPLPs: California State Teachers' Retirement System, Washington State Investment Board, California Public Employees' Retirement System +10 more | 2006 | — | 4.8% | 1.37x | 1.37x |
| TPG STARLPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, Washington State Investment Board +3 more | 2006 | — | 6.2% | 1.28x | 1.28x |
| TPG Growth Fund II, L.P.LPs: Washington State Investment Board, Empire State Development – New York Ventures, California State Teachers' Retirement System +6 more | 2003 | — | 15.3% | 2.01x | 1.80x |
| TPG Partners IV, L.P.LPs: California State Teachers' Retirement System, Oregon Public Employees Retirement System, California Public Employees' Retirement System +13 more | 2003 | — | 15.2% | 1.91x | 1.91x |
| TPG Biotechnology Partners, L.P.LPs: California Public Employees' Retirement System | 2002 | — | 9.5% | 1.76x | 1.59x |
| TPG Growth Fund III, L.P.LPs: Washington State Investment Board, Oregon Public Employees Retirement System, New Mexico Educational Retirement Board +4 more | 2002 | — | 15.2% | 1.62x | 1.20x |
| TPG Ventures, L.P.LPs: California Public Employees' Retirement System | 2001 | — | 3.7% | 1.22x | 1.20x |
| TPG Partners III, L.P.LPs: Oregon Public Employees Retirement System, Washington State Investment Board, Los Angeles City Employees' Retirement System +1 more | 2000 | — | 24.4% | 2.44x | 2.44x |
| TPG Partners IILPs: Oregon Public Employees Retirement System | 1997 | — | 9.9% | 1.69x | 1.69x |
| TPG PartnersLPs: Oregon Public Employees Retirement System | 1994 | — | 36.3% | 3.53x | 3.53x |
| TPG Real Estate Credit Opportunities, L.P.LPs: Texas Municipal Retirement System | — | — | 3.6% | 1.06x | 0.02x |
| TPG Real Estate GenPar II, L.P.LPs: Texas Municipal Retirement System | — | — | 18.9% | 1.49x | 1.49x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has TPG made?
- TPG has 25 tracked investments.
- What stage does TPG invest at?
- TPG invests at the Growth, Late Stage stages.
- What sectors does TPG focus on?
- TPG focuses on AI & Machine Learning, Biotech, Consumer, Digital Health, Enterprise Software, Healthtech, Media & Entertainment, Medical Devices, PropTech, SaaS, Sector Agnostic.
- Where is TPG located?
- TPG is headquartered in San Francisco, US.
- Does TPG lead rounds?
- TPG has led 8 of the 14 rounds where its role is on record.
- Who does TPG co-invest with?
- TPG most often shares deals with Leonard Green, Norwest Venture Partners, Vida Ventures, among 39 tracked co-investors.
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