TPG Growth Closes Fourth Fund, at $3.7 Billion

TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, closed its fourth fund, TPG Growth IV, at $3.7 billion.

The fund will follow on key themes across different geographies and industries, utilizing a variety of financial structures.

Led by Bill McGlashan, Founder and Managing Partner, TPG Growth partners with companies in a range of sectors and geographies, from consumer businesses in India such as Lenskart to global consumer brands such as Fender. It has also co-founded innovative businesses—including enterprise artificial intelligence platform and next-generation global media company STX Entertainment—in partnership with industry-leading executives.
Other current and past investments include Airbnb, Beautycounter, C3 IoT, e.l.f. Cosmetics, ipsy, Philz Coffee, Schiff Nutrition, Spotify, SuccessFactors, SurveyMonkey, and Uber.

With the close of its fourth fund, the TPG Growth platform now manages more than $13 billion in assets. Earlier this year, the platform announced that The Rise Fund—a global social impact fund co-founded by McGlashan, Bono, and Jeff Skoll and managed by TPG Growth—closed at $2.1 billion in commitments.
It has made seven investments since its launch this year.



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