TPG, a global alternative assets firm, closed TPG Tech Adjacencies (TTAD), a new investment vehicle focused on capital solutions for the technology industry.
The fund reached $1.6 billion in capital commitments.
Led by David Trujillo, Managing Partner and Partner, Internet, Digital Media & Communications (IDMC), and Nehal Raj, Partner, Software & Enterprise Technology, TTAD aims to provide flexible capital for founders, employees, and early investors looking for liquidity, as well as primary structured equity solutions for companies looking for additional, creative capital for growth.
Founded in 1992, TPG is a global alternative asset firm with more than $104 billion of assets under management and offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul and Singapore. TPG’s investment platforms are across a wide range of asset classes, including private equity, growth equity, real estate, credit, and public equity.