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TPG is a venture capital firm founded in 1992. It is primarily based out of Fort Worth, United States. As of May 2025, TPG is an active investor, having invested in 579 companies, with 13 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Life Sciences and High Tech. Most recently it led the $14M Series B round of Citykart along with A91 Partners.
Overall, TPG portfolio has seen 23 unicorns, 110 IPOs and 215 acquisitions including key companies like Uber, Nykaa and Lenskart. A lot of funds co-invest with TPG, with names like Kleiner Perkins sharing a substantial percentage of its portfolio.
TPG has team of 266 people including 144 partners.
Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, PE & 11 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
TPG's Year-on-Year Investment Trends
TPG has invested in 733 companies over the last 28 years, with an average of 19 new investments annually in the last 10 years. In 2024, it made 12 investments, while as of May 2025, it has made 7 investments in this year. Its most recent first time investment was in Citykart and most recent follow-on round was in Saluda Medical.
Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2025 (YTD) | 6 | 1 | 7 |
2024 | 10 | 2 | 12 |
2023 | 7 | 5 | 12 |
2022 | 12 | 5 | 17 |
2021 | 30 | 16 | 46 |
2020 | 10 | 12 | 22 |
2019 | 20 | 15 | 35 |
2018 | 28 | 15 | 43 |
2017 | 33 | 11 | 44 |
2016 | 18 | 6 | 24 |
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TPG's Investments by Stage
TPG has made 72 investments in Series B stage with an average round size of $50.7M, 56 investments in PE stage with an average round size of $245M and 51 investments in Series A stage with an average round size of $50.9M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Series B | 72 |
PE | 56 |
Series A | 51 |
Series C | 50 |
Series D | 30 |
Others | 67 |
TPG's Investments by Sector
TPG has a diverse portfolio, with companies operating in the Enterprise Applications, Life Sciences, Consumer, Retail and FinTech. Notably, it has invested in 310 Enterprise (B2B) companies, 270 Tech companies, 155 Consumer (B2C) companies and at least 102 companies focusing on Software.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 69 |
Life Sciences | 55 |
Consumer | 49 |
Retail | 32 |
FinTech | 28 |
Others | 333 |
TPG's Investments by Geography
TPG has made most investments in United States (203), followed by India where it has made 41 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
United States | 203 |
India | 41 |
China | 22 |
Israel | 8 |
Brazil | 5 |
Others | 50 |
TPG's recent investments
Filter this listHere are the most recent investments by TPG:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 23, 2025 | India | Series B | $14M | ||
Apr 22, 2025 | United States | PE | Undisclosed | ||
Apr 08, 2025 | Germany | Series D | $110M | - | |
Mar 31, 2025 | Australia | Seed | Undisclosed | Temasek [+1] | |
Jan 13, 2025 | United States | Conventional Debt | $235M |
Get the detailed list of all investments by TPG. Download now!Unicorns in TPG's Portfolio
Filter this listHere is a list of unicorns in TPG's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
63 | Product content management and syndication platform for businesses | 2012 | Boston | Series F | tzrrzyq | ||
75 | Provider of logistics and courier solutions | 2015 | Pune | Series G | ehhnfrp | ||
76 | AI powered decision support and data analytics software for enterprises | 2000 | New York City | Series E | xi{ggwe | ||
65 | Cloud based eDiscovery and litigation software | 2010 | Berkeley | Series D | {xuzqxg | ||
76 | Digital bank for individuals | 2015 | San Francisco | Series G | {za{jgz |
IPOs and Publicly Listed companies in TPG's Portfolio
Filter this listHere are TPG's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 18, 2024 | Mar 29, 2019 | Series C | $41.7M | |
Sep 13, 2024 | Dec 12, 2023 | Series C | $165M | |
May 01, 2024 | Oct 17, 2016 | Unattributed | $500M | |
Feb 14, 2024 | Nov 28, 2014 | Series E | $74.8M | |
Sep 20, 2023 | Sep 06, 2018 | PE | $83.7M |
Acquired companies in TPG's Portfolio
Filter this listHere are TPG's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 22, 2025 | Feb 04, 2008 | Series B | $20M | |
May 06, 2025 | Sep 14, 2015 | Series E | $235M | |
Mar 13, 2025 | Oct 04, 2017 | Series A | $20M | |
Feb 18, 2025 | - | - | - | |
Feb 06, 2025 | - | - | - |
Team profile of TPG
TPG has a team of 266 members including 144 Partners and 80 Principals located in United States, United Kingdom and 8 more locations. TPG's team sits on the board of 18 companies.Here is a list of top team members in TPG:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Westport | - | ||
Partner | United States | - | ||
Partner | United Kingdom | - | ||
Partner | San Francisco | - | ||
Partner | Fort Worth | - | ||
Partner | Cambridge | - | ||
Partner | San Diego | - | ||
Partner | Mumbai | |||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - |
Get the full list of TPG's team & partners for free. Download now!Co-investors of TPG
Over the past 28 years, 2504 investors have co-invested in TPG's portfolio companies.
- Invested before TPG: Accel, Eight Roads Ventures and 934 others have invested in rounds before TPG. There are 8 companies where Accel has invested before TPG and 8 companies where Eight Roads Ventures has invested before TPG.
- Top Co-investors of TPG: 473 investors entered a company along with TPG. These include investors like Kleiner Perkins (10 companies).
- Invested after TPG: A total of 1095 investors have invested in TPG's portfolio after their investments. Top Investors include Perceptive Advisors (9 companies), Temasek (8 companies) and Fidelity Investments (7 companies).
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Recent News related to TPG
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Lenskart converts to public entity ahead of potential $1-billion IPOMoneycontrol•Jun 09, 2025•Lenskart, Kotak Investment Banking, AXIS Capital, Citi and 9 others
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Viking Holdings Completes $1.3 Billion Secondary Public OfferingGlobal Legal Chronicle•Jun 09, 2025•Milbank, Viking, Ropes & Gray, TPG and 2 others
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TPG Angelo Gordon supports Musk's AI startup Xai with debt packagePrivate Equity Wire•Jun 05, 2025•TPG, xAI, Morgan Stanley
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Implant Maker Exactech Preps Bankruptcy Plan Without TPG DealThe Wall Street Journal•Jun 03, 2025•ExacTech, TPG
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Citykart Ventures secures approx $65 million strategic investmentFashion Network•May 30, 2025•Citykart, TPG, A91 Partners
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Walker & Dunlop Arranges $121.5M Financing for NJ Multifamily ConversionFinancial Times•May 28, 2025•Walker & Dunlop, Lincoln Equities Group, RWN Management, Avenue Realty Capital and 1 other
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