TPG Growth, the middle market and growth equity platform of private equity firm TPG, has held a final closing of its fourth fund, TPG Growth IV LP, at its hard cap of $3.7 billion in commitments. Fundraising began in August 2017.
“We are long-term partners to entrepreneurs, founders, and management teams, working with them to build and scale their businesses,” said Bill McGlashan, Founder and Managing Partner of TPG Growth. “We focus on key themes across different geographies and industries, utilizing a variety of financial structures, which enables us to be both disciplined and opportunistic. The close of TPG Growth IV is a testament to the strength of our strategy, collaborative culture, globally integrated approach, and commitment to growth and innovation.”
TPG Growth is the middle market and growth equity investment platform of TPG which was founded in 1992 and makes investments throughout North America, Europe, Asia and Australia. Sectors of interest include industrials, retail, consumer, financial services, travel and entertainment, technology, media and communications, and healthcare. The firm has offices in San Francisco, Fort Worth, Austin, Dallas, Houston, New York, Beijing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, São Paulo, Shanghai, Singapore and Tokyo (www.tpg.com) (www.tpggrowth.com).
With the close of its fourth fund, the TPG Growth platform now manages more than $13 billion in assets. “We want to thank our limited partners for their strong support, and we look forward to generating fruitful new opportunities with the ongoing support of the broader TPG platform,” added Mr. McGlashan.
© 2017 Private Equity Professional | December 20, 2017