🦊/Investors

TPG

Private equityoperating company · company profile

San Francisco · Growth–Late Stage · 53 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

Find your way into TPG

5,727 people in our graph share verified history with the TPG team — schools, employers, funds. One of them is your warm intro.

Dan Bartusunlockedknows Ayush Agarwal · together at Bank of America Merrill Lynch (overlapped)
knows the team · via Salesforce
×4knows the team · via Goldman Sachs
knows the team · via Harvard Business School
knows the team · via Stanford University
×2knows the team · via General Atlantic
Fox Verdict
Sign up to see your fit

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 Sep 15, 2026.

Stage
Growth–Late Stage
HQ
San Francisco, TX, US
Instruments
Equity · Debt
Founded
1992
Last 12 months
3 investments
AUM
$115.9B
Tracked investments
78
Unicorns
9
IPOs
10
Acquisitions
12

Team · 53 people

from the firm's website & curated & public directories
Alex Albert· TPG Capital, TPG Healthcare Partners
Ayush Agarwal· TPG Capital Asiain
Celeste Bauby· TPG AG Real Estatein
Luke Barrett· TPG Holdingsin
Mark Bernstein· TPG Credit
Mayank Bajpai· The Rise Funds, TPG Growthin
Robert “Bob” Baziuk· TPG Real Estate Finance Trust
Samarth Arora· TPG AG Real Estate
Simit Batra· TPG Growthin
Stephen Bamford· Client & Capital Formation
Alan Waxman· Director
Anilu Vazquez-Ubarri· Executive Officer
Bradford Berenson· Executive Officerin
Heni Buhac· Director
Jack Weingart· Executive Officerin
James Coulter· Directorin
Jean-Baptiste Garcia· Directorin
Joann Harris· Directorin
Jon Winkelried· Executive Officer
Jon Winkenried· Executive Officer
Jordan Kolar· Executive Officer
Ken Murphy· Director
Martin Davidson· Directorin
Matthew Coleman· Executive Officerin
Matthew White· Director
Michael Guo· Executive Officer
Nadia Karkar· Executive Officer
Steven A Willmann· Executive Officer
Yaman Shukairy· Executive Officer
Hayden Lekacz· Vice Presidentin

Founder mafia

4 people who came through TPG went on to found or lead other companies.

What they invest in

from 61 of 78 portfolio companies

Enterprise Software ×21Healthtech ×21AI & Machine Learning ×19SaaS ×15Biotech ×11Digital Health ×10Cloud Computing ×7Data & Infrastructure ×7

HQs:United States×43India×3China×1Germany×1United Kingdom×1Lithuania×1

Investments · 82 tracked

founders shown can be your intro path

By year:2026 · 22025 · 32024 · 42023 · 22022 · 92021 · 32020 · 22019 · 22018 · 22016 · 12014 · 131 dated

Allogene Therapeuticsallogene.comin𝕏NASDAQ: ALLOApr 2018

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 VenturesGilead SciencesVVAG Special

Bicara Therapeuticsbicara.comin𝕏NASDAQ: BCAXSep 2024

Bicara Therapeutics is a clinical-stage biopharmaceutical company developing bifunctional antibody therapies that combine tumor-targeting with immune-modulating payloads to treat solid tumors.

Ivan Hyep(Chief Financial Officer and Treasurer)inLara Meisner(Chief Legal Officer, Compliance Officer and Corporate Secretary)inDavid Raben(Chief Medical Officer)in

Co-investorsAisling CapitalEight Roads VenturesF-Prime CapitalForesite CapitalPremji InvestRA Capital+5 more

C3c3.aiin𝕏NYSE: AI

C3 AI develops an enterprise AI platform that unifies data, intelligent agents, and domain-specific AI models to help large organizations make faster and better operational decisions.

AI & Machine LearningEnterprise SoftwareSaaSSector AgnosticSan Jose, US

Thomas M. Siebel(Founder, Chairman, and CEO)inThomas Siebel(CEO and Chairman)inChristopher Werner(Executive Officer, Director, Promoter)Dana Jurika(Executive Officer, Director, Promoter)Martin Gallon(Executive Officer, Director, Promoter)

Co-investorsBreyer CapitalConstellation Technology Ventures

C3 IoTc3iot.aiin𝕏NYSE: AI

C3 AI develops a platform and suite of software products that help organizations build, deploy, and operate artificial intelligence applications across enterprise operations, asset management, supply chain, and other domains.

Redwood City, US

Thomas M. Siebel(Executive Officer, Director)inPaul Phillips(Executive Officer)inEd Abbo(Executive Officer, Director)in

BoardNehal Raj(Director)inMichael G. McCaffery(Director)Condoleeza Rice(Director)

Co-investorsThe Rise Fund

Evolent Healthevolent.comNYSE: EVH

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)inSeth Blackley(Executive Officer)inJONATHAN WEINBERG(Executive Officer)Thomas Peterson(Executive Officer)Dan McCarthy(President)

Co-investorsSilver Lake Partners

LifeStance Healthlifestance.comin𝕏NASDAQ: LFST

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)inStephanie Eken(Chief Medical Officer)inDan Ferris(Chief Growth Officer)inRichard Hall(Chief Shared Services Officer)inLisa Miller(Chief Operating Officer)in

Co-investorsSilversmith Capital Partners

Macrogenics Incmacrogenics.cominNASDAQ: MGNX

MacroGenics is a clinical-stage biopharmaceutical company developing antibody-based therapies for cancer patients.

BiotechHealthtechMedical Devices

Scott Koenig(Director)inEric Risser(President and Chief Executive Officer)in

Co-investorsHavencrest Capital ManagementRidgeback CapitalRiverVest Venture PartnersSanofi VenturesLa Caisse

AmSpecamspecgroup.comin✓ verified

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)in

Co-investorsOlympus Partners

Boomiboomi.comin𝕏✓ verified

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 Telematicscmtelematics.comin𝕏Aug 2014 · $350M✓ verified

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)inWilliam Powers(Executive Officer, Director, Promoter)inFran Smith(Executive Officer)in

BoardScott Jarr(Director)Anton Ossip(Director)

Co-investorsArcher Capital GroupArcher Venture CapitalGeneral CatalystRaptor GroupSoftBank Vision FundAllianz X

Covetruscovetrus.cominFeb 2019✓ verifiedAcquired

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

Novotechnovotech-cro.comin✓ verified

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)inTim 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 Carbonrubiconcarbon.cominAug 2026 · $1B✓ verified

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)in

BoardAnne Finucane(Chairwoman)

Co-investorsJetBlue VenturesSKY VCBank of AmericaThe Rise Fund

Santa Anasantaana.bioin✓ verified

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)inAnsuman Satpathy(Scientific Founder)inNewman Yeilding(Chief Medical Officer)in

Co-investorsVersant VenturesAccess BiotechnologyAndreessen HorowitzGV (Google Ventures)RTW Investments L.P.

Acorns Growacorns.comin𝕏Mar 2022

Acorns provides automated investment services that allow users to invest in diversified portfolios of exchange-traded funds (ETFs) composed of stocks and bonds, with options including Bitcoin-linked ETFs.

FintechIrvine, US

Jeff Cruttenden(Executive Officer, Director)inWalter Cruttenden(Executive Officer, Director)inMark Dru(Executive Officer)in

BoardJim Caccavo(Director)Jay Fishman(Director)Mike Sekits(Director)

Co-investorsA-Rod CorpAnsa CapitalBlack Jays VenturesComcast VenturesConnetic VenturesDeclaration Partners+13 more

Anthropicanthropic.comin𝕏Sep 2025 · $13B

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)inChris Olah(Co-founder & Interpretability Research Lead)in

Co-investors3Comma Capital7BC Venture CapitalA.Capital VenturesAccelAlkeon InnovationAllen Institute for AI (AI2) Incubator+85 more

Arcurapropertiesarcuraproperties.com

Arcura is a specialist owner and manager of medical real estate across Europe, providing outpatient healthcare infrastructure to clinical operators.

HealthtechPropTech

AskBioaskbio.comin𝕏Acquired

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

AU10TIXau10tix.comin𝕏Apr 2022

AU10TIX provides AI-based identity verification solutions, including ID, age, address, and biometric verification, document forgery detection, and AML, KYC, and sanctions screening.

AI & Machine LearningCybersecurityEnterprise SoftwareFintech

Yair Tal(CEO)inMichael Harriss(CRO)inIdo Laron(CFO)inGregory Paks(CTO)inKeren Nitzan Dvir(COO)inSharon Reisner(CMO)in

Co-investorsConvergeOak HC/FT

Aural Analyticsauralanalytics.comin𝕏Sep 2019 · $4.3M

Aural Analytics develops a cloud-based, mobile-first speech analytics platform that extracts clinical neuro-biomarkers from the speech signal to monitor brain health non-invasively.

AI & Machine LearningDigital HealthHealthtech

Co-investorsTamarisc Ventures

Conveneconvenehospitality.comin

Convene Hospitality Group operates a portfolio of event venues, meeting spaces, flexible offices, and membership clubs in the U.S. and U.K., providing catering, production, technology, and hospitality services alongside physical venue rental.

ConsumerPropTechTravel & Hospitality

Ryan Simonetti(Founder)in

Co-investorsConversion Venture Capital (CVC2)AresBoathouse CapitalConversion CapitalSunrise Capital KK

Cookieyescookieyes.comin𝕏

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+17 more

Dattodatto.comin𝕏Apr 2022acquired by Kaseya

Datto provides cloud-based security and software solutions for Managed Service Providers (MSPs) serving small and medium businesses, including unified continuity, networking, endpoint management, and business management capabilities.

Cloud ComputingCybersecurityEnterprise SoftwareSaaSMiami, US

Austin McChord(Executive Officer, Director)inMichael Fass(Executive Officer)in

BoardStephen Herrod(Director)Holt McChord(Director)Paul Sagan(Director)Ian McChord(Director)

Co-investorsGolub GrowthM33 GrowthConnecticut InnovationsfuturepresentGeneral CatalystGlynn Capital Management+6 more

Denododenodo.comin𝕏Sep 2023 · $336M

Denodo provides a data integration platform based on data virtualization, allowing businesses to integrate data without replicating it.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareSaaSPalo Alto, US

Ángel Viña(Founder)in

Co-investorsHGGCSilver Lake Partners

Dream11dream11.com𝕏Nov 2021 · $840M

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

Earnixearnix.comin𝕏Sep 2025 · $290M

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)in

Co-investorsBenhamou Global VenturesIsrael Growth PartnersViola VenturesClaltechHighVistaHollyport Capital+4 more

Formform.comin𝕏

FORM provides a mobile task management platform called GoSpotCheck that enables field teams to capture market data, execute sales and merchandising tasks, and report on compliance through real-time photo documentation and mobile checklists.

AI & Machine LearningEnterprise SoftwareRetail TechSaaSDenver, US

Matt Talbot(Co-founder (GoSpotCheck))Samantha Holloway(Co-founder (GoSpotCheck))Joey Alfano(Co-founder (GoSpotCheck))

Co-investorsDiversisFranklin TempletonPrelude VenturesSequoia CapitalT. Rowe Price

Fractalfractal.isJan 2022

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

Fractalfractal.cloudinJan 2022 · $360M

Fractal Cloud provides infrastructure management software that helps teams manage complex cloud environments with security and control.

Cloud ComputingData & InfrastructureDeveloper ToolsEnterprise Software

Nicola Previati(Founder)in

Co-investorsPeblinge VenturesApax

Fractalfractal.agin𝕏Jan 2022 · $360M

Fractal facilitates agricultural investments by connecting farmers and investors through a platform that aligns incentives to increase financial returns while promoting regenerative agriculture practices.

AgTechClimate TechFintechImpact & Social Good

Co-investorsGROOVE CAPITALVirta VenturesApaxSerra Ventures

G&A Partnersgnapartners.comin𝕏Jan 2024

G&A Partners provides customized HR solutions and integrated technology for managing payroll, benefits, and human capital management processes.

Enterprise SoftwareHR TechSaaSHouston, US

Antonio "Tony" Grijalva(Founder)John W. Allen(Founder)Jeff Williams(President and CEO)

Co-investorsSaxeCap Advisors

Givagiva.co

GIVA is an online jewelry retailer selling silver and other jewelry pieces such as rings, pendants, and accessories directly to consumers, with prices listed in Indian rupees.

ConsumerDirect to ConsumerE-commerce

Co-investorsAditya Birla VenturesAll In CapitalFirst ChequeIndia QuotientKenro CapitalLVX Ventures+7 more

GoHealthgohealth.comin𝕏

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 Partnersharlem.capital

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-JacquesinJarrid Tinglein

Co-investorsDarco CapitalDorm Room

Hologichologic.comin𝕏Acquired

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

Implantable Provider GroupinMay 2016

Alpharetta, US

Vincent Coppola(Executive Officer)

BoardChristopher Kersey, M.D.(Director)Gubby Barlow(Director)Steve Nelson(Director)Mike Dixon(Director)Dennis Antinori(Director)

Co-investorsCamden Partners

Infinidatinfinidat.comin𝕏

Infinidat develops enterprise storage solutions for data protection, business continuity, and hybrid multi-cloud environments.

Cloud ComputingCybersecurityData & InfrastructureEnterprise SoftwareWaltham, US

Phil Bullingerin

Co-investorsCaesar VenturesGoldman Sachs

Ipsyipsy.com

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 SmithinRichard Frias

Co-investors500 GlobalACME CapitalAmino CapitalBullpen CapitalCrosscut VenturesGraph Ventures+2 more

IQVIAiqvia.comin𝕏

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

Kajabikajabi.com

Kajabi provides a platform for subject matter experts to build and monetize their knowledge-based businesses.

Creator EconomyEdTechSaaS

Kenny Rueter(Founder)inAhad Khanin

Co-investorsSpectrum EquityTidemarkOwl Rock CapitalTiger Global Management

Kaseyakaseya.comin𝕏May 2019

Kaseya provides remote monitoring and management (RMM) software and IT management solutions for IT departments and managed service providers to manage and secure devices.

CybersecurityEnterprise SoftwareSaaSMiami, US

Frederick Joseph Voccola(Director)Rania Succar(Chief Executive Officer)inAnthony Anzevino(Chief Revenue Officer)inSepedeh Tofigh(Chief Legal Officer and Corporate Secretary)Ryan Courson(Chief Operating Officer and Chief Financial Officer)inAlexandra Letts(General Counsel and Secretary)

Co-investorsGolub GrowthGula Tech AdventuresInsight PartnersSixth Street

Kelsey-Seybold Clinickelsey-seybold.comin𝕏

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

LIVEKINDLYlivekindly.cominOct 2021

LIVEKINDLY operates flagship physical destinations combining plant-based dining, boutique stores for sustainable fashion, cruelty-free beauty, and wellness products, plus spa treatments and culinary classes.

ConsumerFoodTechWellness & Fitness

Co-investorsAgronomicsS2G InvestmentsThe Rise Fund

LiveLikelivelikevr.comin𝕏

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 Healthmonogramhealth.comin

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)inCHRIS CHI(Executive Officer)CHRISTOPHER BOOKER(Executive Officer, Director)

BoardWILLIAM FRIST(Director)inCASPER DE CLERCQ(Director)in

Co-investorsCVS Health VenturesFrist Cressey VenturesNorwest Venture Partners

Monolithmonolithai.comin𝕏Jul 2022acquired by CoreWeave · Oct 2025

Monolith provides AI-powered tools for engineering and product testing, enabling teams to train machine-learning models to analyze test data, identify design issues, and optimize validation processes without requiring data science expertise.

Advanced ManufacturingAI & Machine LearningData & InfrastructureDeep TechDeveloper ToolsEnterprise SoftwareSaaS

Dr. Richard Ahlfeld(CEO & Board Director)

Co-investorsAzimuth Capital ManagementFounders FactoryFounders Factory NYInsight PartnersPentech VenturesTarget Global+1 more

Neogene Therapeuticsneogene.comSep 2020 · $110MAcquired

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

Ohmiumohmium.comin𝕏Apr 2023 · $250M

Ohmium develops integrated outdoor green hydrogen electrolysis systems designed for rapid deployment across diverse climates and industrial applications.

Advanced ManufacturingCleantechDeep TechEnergyHardwareNew Materials

Arne Ballantine(Founder)in

Co-investorsBaruch Future VenturesEnergy Transition Ventures

Ouro Medicinesouromedicines.comin

Ouro Medicines is a biotechnology company developing cell-depleting therapies aimed at resetting the immune system to treat chronic immune-mediated diseases such as autoimmune and autoinflammatory conditions.

BiotechHealthtechSouth San Francisco, US

Jaideep(Founding Chief Executive Officer)Neely Mozaffarian(Chief Medical Officer)inChristina(General Counsel & Chief Operating Officer)

Co-investorsMonograph Capital PartnersNew Enterprise Associates (NEA)Norwest Venture Partners

Philz Coffeephilzcoffee.comin𝕏

Philz operates a coffee shop chain that serves customized brewed-to-order coffee made from sustainably sourced beans roasted in-house.

ConsumerDirect to ConsumerFoodTechSan Francisco, US

Jacob Jaber(Executive Officer, Director)inPhilBenedikt Reifler(Executive Officer)inFaisal Jaber(Executive Officer, Director)

BoardGreg Goldfarb(Director)inMyles McCormick(Director)

Co-investorsCowboy VenturesCrunchFundFreeman SpogliTuesday CapitalDivide by ZeroGeneral Atlantic+4 more

Precision For Medicineprecisionformedicine.comin

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

ResTechinFeb 2020

Denver, US

James Gregory Barrow(Executive Officer, Director)Jake Bush(Executive Officer, Director, Promoter)Lorrie A. Mahoney(Executive Officer)

Co-investorsAMK Investment OfficeBECO CapitalBessemer Venture PartnersCoatue ManagementCOTU VenturesDST Global+9 more

Sabre Industriessabreindustries.com

Sabre Industries designs, engineers, and manufactures mission-critical infrastructure for power, utility, telecom, and data center sectors across the United States.

Advanced ManufacturingEnergyHardware

Timothy Rossetti(President and Chief Executive Officer)

Co-investorsAea InvestorsBlackstone

Salsifysalsify.comin𝕏Apr 2022 · $200M

Salsify offers a product experience management (PXM) platform with tools for centralizing product content, syndicating it across channels, enriching product pages, and analyzing digital shelf performance.

E-commerceMarketing TechRetail TechSaaS

Rob GonzalezinJeremy Redburn(Founder)in

Co-investorsBright Pixel CapitalCathay InnovationHighland EuropeMatrixUnderscore VCVenrock+4 more

Sayarisayari.comin𝕏Jan 2024 · $228M

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

ShadowFaxshadowfax.inin𝕏Feb 2024 · $100M

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-investorsNewBuild.VCNGP CapitalQualcomm VenturesTitan CapitalTrifecta Capital AdvisorsEight Roads Ventures+1 more

Sonatypesonatype.comin𝕏Aug 2018

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 Biosudobio.com

Sudo Biosciences develops small molecule therapeutics for neurological and immune-mediated inflammatory conditions.

BiotechHealthtechMedical DevicesMenlo Park, US

Jim Bristol(Director)Daniel Estes(Director)inScott Byrd(Executive Officer, Director)in

Co-investorsFrazier Life SciencesMonograph Capital PartnersSanofi VenturesSV Health InvestorsDementia Discovery FundFrazier Healthcare Partners

thatgamecompanythatgamecompany.com𝕏Mar 2022

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)inPeter Lee(Chief Information Officer)in

Co-investorsKleiner PerkinsQualcomm VenturesTRANSCENDCapital TodaySequoia Capital

Troontroon.comin𝕏Nov 2021

Troon is a golf management and operations company that manages professional golf facilities and brands.

B2B MarketplacesSports TechScottsdale, US

Dana Garmany(Founder and Board Member)inTim Schantzin

Co-investorsLeonard GreenOwl Rock CapitalRaptor Group

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AdareArcura Medical PropertiesBVIDingdang HealthElevance Renewable SciencesEnvisionRxFenwalKindred at HomeKindred HealthcareOhmium InternationalPar PharmaceuticalPremirr PlasticsQ-CentrixZipline

Exits · 22

10 IPOs · 12 acquisitions · showing 9

Allogene TherapeuticsNASDAQ: ALLOBicara TherapeuticsNASDAQ: BCAXC3NYSE: AIC3 IoTNYSE: AIEvolent HealthNYSE: EVHLifeStance HealthNASDAQ: LFSTMacrogenics IncNASDAQ: MGNXDattoacq. by KaseyaMonolithacq. by CoreWeave

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 68

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
TPG NEXT (A), L.P.LPs: California Public Employees' Retirement System20251.00x1.00x
TPG Twin Brook Direct Lending Fund VILPs: Maine Public Employees Retirement System20250.99x
TPG Angelo Gordon Credit Solutions Fund III, L.P.LPs: Employees' Retirement System of Rhode Island20241.17x0.00x
TPG Asia VIII (A)LPs: California Public Employees' Retirement System, California State Teachers' Retirement System20241.13x0.00x
TPG GP Solutions (A), L.P.LPs: Empire State Development – New York Ventures, California Public Employees' Retirement System20241.12x0.00x
TPG Growth VI, L.P.LPs: Washington State Investment Board, California Public Employees' Retirement System, Minnesota State Board of Investment20249.7%1.06x0.39x
TPG Life Sciences Innovations, L.P.LPs: California Public Employees' Retirement System20240.71x0.00x
TPG Rise Climate IILPs: Washington State Investment Board, Michigan Municipal Employees' Retirement System, Teachers' Retirement System of the City of New York +2 more20240.00x
TPG Asia VIIILPs: Washington State Investment Board202317.4%1.30x0.09x
TPG Healthcare Partners II, L.P.LPs: Washington State Investment Board, Oregon Public Employees Retirement System, Contra Costa County Employees' Retirement Association +3 more20231.22x0.06x
TPG Partners IX, L.P.LPs: Washington State Investment Board, California Public Employees' Retirement System, Oregon Public Employees Retirement System +8 more202318.9%1.22x0.15x
AG Realty XILPs: Teachers' Retirement System of Oklahoma20225.2%1.07x0.05x
Angelo Gordon Direct Lending Fund VLPs: Maine Public Employees Retirement System202210.6%1.21x0.27x
TPG IVLPs: Teachers' Retirement System of Oklahoma, Michigan Municipal Employees' Retirement System20223.8%1.04x0.01x
TPG Real Estate Partners IVLPs: Texas Municipal Retirement System, Michigan Municipal Employees' Retirement System, Los Angeles County Employees Retirement Association +4 more20226.9%1.09x0.01x
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 System202223.5%1.43x0.27x
Angelo Gordon Direct Lending Fund IV AnnexLPs: Maine Public Employees Retirement System202110.8%1.32x0.63x
The Rise Fund II LPLPs: Florida State Board of Administration202110.4%1.34x0.13x
TPG Growth V LPLPs: Washington State Investment Board, Oregon Public Employees Retirement System, California Public Employees' Retirement System +6 more202112.2%1.39x0.41x
TPG Rise ClimateLPs: Michigan Municipal Employees' Retirement System, New Jersey Division of Investment, Los Angeles City Employees' Retirement System +4 more202112.4%1.20x0.24x
TPG Tech Adjacencies II, L.P.LPs: California Public Employees' Retirement System, Minnesota State Board of Investment, Public Employee Retirement System of Idaho +1 more202112.7%1.25x0.31x
Angelo Gordon Direct Lending Fund IILPs: Maine Public Employees Retirement System202015.6%1.45x1.26x
Angelo Gordon Direct Lending Fund IVLPs: Maine Public Employees Retirement System202010.3%1.39x0.69x
TPG Asia VII (A), L.P.LPs: California Public Employees' Retirement System, California State Teachers' Retirement System, Richard King Mellon Foundation201911.2%1.46x0.64x
TPG Capital VIII (Healthcare Sidecar)LPs: The Regents of the University of California20190.75x0.00x
TPG Golden Bear Partners, L.P.LPs: California Public Employees' Retirement System201916.5%1.75x0.19x
TPG Partners VIII, L.P.LPs: Washington State Investment Board, Oregon Public Employees Retirement System, California State Teachers' Retirement System +8 more201913.5%1.51x0.35x
TPG Real Estate Partners IIILPs: Texas Municipal Retirement System, New Jersey Division of Investment, Los Angeles County Employees Retirement Association +2 more20199.3%1.42x0.73x
AG Realty Fund X, L.P.LPs: Minnesota State Board of Investment20188.3%1.28x0.70x
AG Realty Value XLPs: Teachers' Retirement System of Oklahoma20187.5%1.24x0.66x
Angelo Gordon Direct Lending Fund IIILPs: Maine Public Employees Retirement System20189.5%1.42x1.04x
The Rise Fund LPLPs: Florida State Board of Administration20189.4%1.44x0.62x
TPG Capital VIIILPs: The Regents of the University of California201817.2%1.54x0.43x
TPG Capital VIII (Healthcare I)LPs: The Regents of the University of California201811.7%1.34x0.29x
TPG Growth IV LPLPs: Empire State Development – New York Ventures, Washington State Investment Board, California State Teachers' Retirement System +9 more201814.1%1.70x0.99x
TPG HEALTHCARE PARTNERS LPLPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System +2 more20181.34x0.28x
TPG Tech Adjacencies, L.P.LPs: Public Employee Retirement System of Idaho, Hawaii Employees' Retirement System, Santa Barbara County Employees' Retirement System201812.6%1.46x0.67x
TPG Growth III-A LPLPs: Empire State Development – New York Ventures, California State Teachers' Retirement System, Florida State Board of Administration201615.2%1.66x1.20x
TPG Growth III, L.P.LPs: Oregon Public Employees Retirement System201515.2%1.61x1.20x
TPG Partners VII, L.P.LPs: Oregon Public Employees Retirement System, Washington State Investment Board, Empire State Development – New York Ventures +6 more201518.8%2.00x1.83x
AG Realty Fund IXLPs: Minnesota State Board of Investment, John D. and Catherine T. MacArthur Foundation20144.8%1.25x1.05x
TPG Opportunities Partners III, L.P.LPs: Washington State Investment Board, Sacramento County Employees' Retirement System20148.2%1.21x1.10x
AG Realty Fund VIIILPs: Nebraska Investment Council, John D. and Catherine T. MacArthur Foundation201210.8%1.40x
Tpg Asia Vi, LPLPs: San Diego County Employees Retirement Association, Richard King Mellon Foundation20128.8%1.59x1.19x
TPG Opportunities Partners II, L.P.LPs: Washington State Investment Board201216.5%1.70x1.60x
TPG Growth IILPs: Florida State Board of Administration, Oregon Public Employees Retirement System, Los Angeles City Employees' Retirement System201114.8%1.80x1.78x
AG TALF Partners, L.P.LPs: North Carolina Retirement Systems200922.4%1.32x1.32x
TPG - TAC 2007, L.P.LPs: Florida State Board of Administration20092.1%1.06x1.06x
TPG Asia VLPs: California Public Employees' Retirement System, California State Teachers' Retirement System, Empire State Development – New York Ventures +3 more20081.42x1.38x
TPG Biotechnology Partners III, L.P.LPs: California Public Employees' Retirement System, North Carolina Retirement Systems200811.0%2.17x2.12x
TPG Financial Partners, L.P.LPs: California State Teachers' Retirement System20080.8%1.04x1.04x
TPG Fund VILPs: Employees' Retirement System of Rhode Island20087.8%1.33x1.33x
TPG Partners VILPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, Washington State Investment Board +13 more20089.7%1.49x1.48x
TAC 2007 LP (A.K.A. TPG Credit Fund)LPs: Florida State Board of Administration20072.1%1.06x1.06x
TPG Biotechnology Partners II, L.P.LPs: California Public Employees' Retirement System, North Carolina Retirement Systems20062.9%1.21x1.21x
TPG Fund VLPs: Employees' Retirement System of Rhode Island20064.8%1.36x1.36x
TPG Partners V LPLPs: California State Teachers' Retirement System, Washington State Investment Board, California Public Employees' Retirement System +10 more20064.8%1.37x1.37x
TPG STARLPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, Washington State Investment Board +3 more20066.2%1.28x1.28x
TPG Growth Fund II, L.P.LPs: Washington State Investment Board, Empire State Development – New York Ventures, California State Teachers' Retirement System +6 more200315.3%2.01x1.80x
TPG Partners IV, L.P.LPs: California State Teachers' Retirement System, Oregon Public Employees Retirement System, California Public Employees' Retirement System +13 more200315.2%1.91x1.91x
TPG Biotechnology Partners, L.P.LPs: California Public Employees' Retirement System20029.5%1.76x1.59x
TPG Growth Fund III, L.P.LPs: Washington State Investment Board, Oregon Public Employees Retirement System, New Mexico Educational Retirement Board +4 more200215.2%1.62x1.20x
TPG Ventures, L.P.LPs: California Public Employees' Retirement System20013.7%1.22x1.20x
TPG Partners III, L.P.LPs: Oregon Public Employees Retirement System, Washington State Investment Board, Los Angeles City Employees' Retirement System +1 more200024.4%2.44x2.44x
TPG Partners IILPs: Oregon Public Employees Retirement System19979.9%1.69x1.69x
TPG PartnersLPs: Oregon Public Employees Retirement System199436.3%3.53x3.53x
TPG Real Estate Credit Opportunities, L.P.LPs: Texas Municipal Retirement System3.6%1.06x0.02x
TPG Real Estate GenPar II, L.P.LPs: Texas Municipal Retirement System18.9%1.49x1.49x

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).

IPO stake values · per SEC filings · 3

Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.

CompanyOwnedIPO priceAt IPOStake value
C317.6%$42.00Dec 2020$680.7M
C3 IoT17.6%$42.00Dec 2020$680.7M
Macrogenics Inc6.9%$36.50Feb 2014$63.4M

Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).

Public market activity · per SEC filings

what is this? ⓘ

19 insider ownership filings (Forms 3/4/5)

at TPG Private Equity Opportunities, L.P. (N/A)

From the firm's own SEC EDGAR filings — stakes and insider roles in public companies, typically portfolio companies after an IPO. Not a portfolio list published by the firm.

Frequently asked questions

How many investments has TPG made?
TPG has 78 tracked investments, 22 of which have exited, including 5 dated in the last 24 months.
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 18 of the 41 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 36 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Companies pivoting focus from growth to profitability, says TPG's David Trujillo

CNBC Television · David Trujillo

Images

TPG photoTPG photoTPG photoTPG photoTPG photoTPG photo

Similar investors

Featured in lists