TPG Growth
TPG Growth is the $32B middle-market growth equity and private equity platform within TPG, a $306B global alternative asset manager. It provides flexible capital and operational support to growth-stage and mid-market companies across healthcare, technology, consumer, and business services worldwide.
- Company typePrivate
- Founded1992
- HeadquartersSan Francisco, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What TPG Growth does
TPG Growth is the middle-market-focused growth equity and private equity platform within TPG (Tarrant Capital IP, LLC), a global alternative asset manager founded in San Francisco in 1992 by Jim Coulter and David Bonderman. The Growth platform manages $32 billion in assets under management and operates alongside five other TPG platforms — Capital ($90B), Impact ($32B), Credit ($95B), Real Estate ($39B), and Market Solutions ($18B) — which collectively manage $306 billion as of March 31, 2026. TPG Growth provides flexible capital — including majority buyouts, growth equity, and co-investments — to mid-market and growth-stage companies across healthcare, software and enterprise tech, internet/digital media/communications, consumer/retail, and business services.
The firm generates revenue through management fees charged on AUM and carried interest on fund performance, both of which scale with assets raised and investment returns across successive fund vintages. Distribution is primarily institutional — sovereign wealth funds, pensions, and insurance LPs access funds via a dedicated LP portal — while the recently scaled Global Wealth Solutions channel extends the same products to eligible individual investors through financial advisors. TPG supports origination and portfolio operations through 30 global offices and a 1,900+ employee base that includes 700+ investment and operations professionals. Recent strategic actions have expanded platform breadth through acquisitions of Angelo Gordon (credit, 2023) and Peppertree Capital Management (digital infrastructure, 2025), and large 2025 platform deals including AvidXchange ($2.2B with Corpay), Sabre Hospitality Solutions ($1.1B), and Hologic (with Blackstone).
TPG Growth firmographics
Firmographics- Name
- TPG Growth
- Legal name
- TPG (Tarrant Capital IP, LLC)
- Website
- https://tpg.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- TPG Growth is the $32B middle-market growth equity and private equity platform within TPG, a $306B global alternative asset manager. It provides flexible capital and operational support to growth-stage and mid-market companies across healthcare, technology, consumer, and business services worldwide.
- Ownership category
- akta.pro rank
TPG Growth industry classification
Industry- Product category
- Private Equity / Growth Equity Investing
- NAICS
- Portfolio Management and Investment Advice (523940), Miscellaneous Financial Investment Activities (523999)
- SIC
- Services-Engineering, Accounting, Research, Management (8700), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Technology & Software Growth Equity (FSANACAA)
Keywords
Where TPG Growth is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
TPG Growth business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Management Fees: TPG earns management fees based on assets under management across its platforms including Capital ($90B AUM), Growth ($32B AUM), Credit ($95B AUM), Real Estate ($39B AUM), and Market Solutions ($18B AUM).
- Performance Fees (Carried Interest): TPG earns carried interest on investment returns generated for limited partners across its various fund strategies.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
TPG Growth product offering
Product offeringCore offering
TPG Growth is the middle market-focused growth equity and private equity investing platform of TPG, managing $32 billion in assets under management. It provides flexible capital solutions—including growth equity investments and middle market buyouts—to established businesses seeking capital to scale across sectors such as technology, healthcare, consumer, and business services. The platform leverages the broader TPG ecosystem of operational expertise, sector knowledge, and global network to support portfolio companies.
Product overview
TPG Growth operates as a distinct investment platform within the broader TPG alternative asset management firm. The Growth platform ($32B AUM) focuses on growth equity and middle market private equity investing, complementing TPG's other platforms including Capital, Impact, Credit, Real Estate, and Market Solutions. TPG Growth provides flexible capital solutions to help growing businesses scale, distinguishing itself through the broader TPG ecosystem of insights, resources, and operational expertise.
Differentiator
Problem solved
Functional benefit
Brands
- TPG Rise Climate: Climate investing strategy of TPG's global impact investing platform, pursuing investments in clean electrons, clean molecules and materials, and negative emissions.
- TPG Rise Funds
- TPG Twin Brook
- TPG NewQuest
- TPG GP Solutions
- TPG Peppertree
- TPG Angelo Gordon
Products and services
- TPG Growth Platform The TPG Growth platform provides flexible capital solutions, including growth equity investments and middle market buyouts, to established businesses seeking capital to scale across sectors such as technology, healthcare, consumer, and business services. It is designed for founders and management teams of growth-stage companies and serves as a distinct investment platform within TPG's broader $306B AUM firm.
Companies that use TPG Growth
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles3 records
TPG Growth technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
TPG Growth partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and portfolio.
- Peppertree Capital ManagementcoreTPG acquired Peppertree Capital Management in 2025, welcoming the team to drive expansion of TPG's cross-platform leadership in Internet, Digital Media & Communications. Peppertree specializes in cell tower and digital infrastructure investing.
- Gryphon Advisors Inc.portfolioMorrow Sodali, backed by TPG Growth, recently acquired Canadian proxy firm Gryphon Advisors Inc. as part of its international expansion strategy.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
TPG Growth competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
TPG Growth social profiles
Digital presenceTPG Growth financial estimates
Financial estimateRevenue estimate
Valuation estimate
TPG Growth leadership team
Management profileNumber of profiles
Profiles12 records
TPG Growth subsidiaries and ownership
Company hierarchySubsidiaries10 records
TPG Growth funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TPG Growth M&A and investment
M&A and investmentM&A24 records
Investments139 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TPG Growth
What does TPG Growth do?
TPG Growth is the middle market-focused growth equity and private equity investing platform of TPG, managing $32 billion in assets under management. It provides flexible capital solutions—including growth equity investments and middle market buyouts—to established businesses seeking capital to scale across sectors such as technology, healthcare, consumer, and business services. The platform leverages the broader TPG ecosystem of operational expertise, sector knowledge, and global network to support portfolio companies.
Is TPG Growth a public or private company?
TPG Growth is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was TPG Growth founded?
TPG Growth was founded in 1992. It employs 1,001 to 5,000 people.
Where is TPG Growth based?
TPG Growth is headquartered in San Francisco, United States, in the North America region.
How does TPG Growth make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are performance Fees (Carried Interest).
Does TPG Growth have an API?
No public API is recorded for TPG Growth.
What industry is TPG Growth in?
TPG Growth's product category is Private Equity / Growth Equity Investing. Its primary akta.pro industry code is FSANACAA, Technology & Software Growth Equity. Its NAICS code is 523940 and its SIC code is 8700.