United States · 
What does TPG invest in?
TPG invests most often at Series B and Venture (48% of the rounds on record), in sectors such as Private Equity, Impact and Credit.
TPG highlights
- 01
25 cheques in the last 12 months
- 02
Mostly Series B and Venture: 48% of its rounds
- 03
Sole investor in 42 rounds, median $98M
- 04
9 exits from the portfolio
What they do
a leader in the alternative asset space, TPG manages $327 billion in assets through a principled focus on innovationFrom their own website
- Type
- Private equity
- Cheque size
- Not stated
- Stages
- GrowthBuyout
- Sectors
- Private EquityImpactCredit
- Based in
- San Francisco, United States
- Cold pitches
- Not accepted
The record
Every round we can evidence, newest first204 appearances
- 2026
20 rounds
- Oct
- Sept
- Sept
- Sept
- Aug
- Jun
- May
- May
- May
- Apr
- Apr
- Apr
- Apr
- Mar
- Mar
- Feb
- Jan
- Jan
- Jan
- Jan
- 2025
19 rounds
- Dec
- Dec
- Nov
- Nov
- Nov
- Oct
- Oct
- Oct
- Sept
- Sept
- Sept
- Sept
- Aug
- Aug
- Jun
- May
- Apr
- Mar
- Jan
- 2024
13 rounds
- Dec
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
The team
Named by the firm itself, on a filing, its Form ADV or its company registration7 named
JNJenny NeslinGeneral Counsel - Secretary & Chief Compliance OfficeriForm ADV
JKJordan KolarVice PresidentiForm ADV
MLMartin Louis DavidsonChief Accounting OfficeriForm ADV
RJRoberta Joann HarrisChief Compliance OfficeriForm ADV
SASteven Andrew WillmannTreasureriForm ADV
TJTerrence Joshua WaltersChief Financial Officer & TreasureriForm ADV
TJTrevor Jerome ClarkChief Executive Officer & PresidentiForm ADV
We also hold 85 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
What the register says
From the firm's own filings with the SEC, which it must file accurately by law
$45Bassets it manages, 5 advisers combinedOct 2026
Registeredinvestment adviserfull reporting to the SEC
- Legal name
- PCM Management Advisor, LLC
- SEC number
- CRD 288851
Funds on its Form ADV
41 private funds, $20B in gross assets · filed Sept 2024
Real estate 30Private equity 11
- TPG Real Estate Partners IV, L.P.Real estate55 investors$3.1B
- TPG Real Estate Partners IV (C), L.P.Real estate20 investors$2.4B
- TPG Real Estate Partners IV (B), L.P.Real estate5 investors$1.7B
- TPG Real Estate Partners III (B), L.P.Real estate9 investors$1.5B
- Newquest ASIA Fund IV, L.P.Private equity62 investors$1.3B
- TPG Real Estate Partners III, L.P.Real estate48 investors$1.3B
- Newquest ASIA Fund V, L.P.Private equity22 investors$719M
- TPG GP Solutions (B), L.P.Private equity17 investors$693M
- TPG Real Estate Partners III (A), L.P.Real estate28 investors$634M
- TPG Real Estate Thematic Advantage Core-Plus JV I, L.P.Real estate4 investors$522M
And 31 more on the filing.
Who backs their funds
7 LPs on record in TPG's funds
- Committed
- $20B
- Funds
- 33
- Vintages
- 1994 to 2026
The institutions that put money into its funds, which the firm then invests in companies.Source: the pension's own report and fund news, latest Jun 2026.
Washington State Investment Board17 funds$6.6BFund Vintage Committed TPG Partners X 2025 $600M TPG Rise Climate II 2025 $400M TPG Growth VI 2024 $400M TPG Partners IX 2023 $480M TPG Asia VIII 2023 $150M TPG Healthcare Partners II 2023 $120M TPG Growth V 2021 $400M TPG Partners VIII 2019 $750M and 9 more
Oregon Public Employees Retirement Fund16 funds$4.4BFund Vintage Committed TPG Partners IX 2022 $280M TPG Healthcare Partners II 2022 $70M TPG Growth V 2020 $250M TPG Partners VIII 2018 $400M TPG Healthcare Partners 2018 $100M TPG Growth IV 2017 $200M TPG Partners VII 2015 $700M TPG Growth III 2015 $200M and 8 more
California Public Employees' Retirement System (CalPERS)18 funds$4.2B
Fund Vintage Committed TPG Emerging Companies Asia 2026 $100M TPG NEXT 2025 $500M TPG Asia VIII 2024 $250M TPG Growth VI 2024 $200M TPG GP Solutions 2024 $100M TPG Life Sciences Innovations 2024 $75M TPG PARTNERS IX 2023 $300M TPG Tech Adjacencies II 2023 $200M and 10 more
- California State Teachers Retirement System12 funds$3.3B
Fund Vintage Committed TPG Asia VIII 2024 $100M TPG Partners IX 2023 $200M TPG Growth V 2021 $100M TPG Partners VIII 2019 $200M TPG Asia VII 2019 $150M TPG Growth IV 2018 $200M TPG Growth III 2016 $200M TPG Growth II 2011 $125M and 4 more
Minnesota State Board of Investments7 funds$950MFund Vintage Committed TPG Partners X 2025 $150M TPG Growth VI 2023 $150M TPG Partners IX 2022 $100M TPG Tech Adjacencies II 2021 $150M TPG Growth V 2021 $150M TPG Partners VIII 2018 $150M TPG Partners VII 2015 $100M 
Regents of the University of California3 funds$265MFund Vintage Committed TPG Capital VIII 2018 $100M TPG Capital VIII (Healthcare I) 2018 $50M TPG Growth IV 2017 $115M 
ALTÉRRA1 fundFund Vintage Committed TPG Rise Climate II and the Global South Initiative - -
Exits from the portfolio
Companies it backed that were later bought or listed9 in all
Aerie PharmaceuticalsListedUndisclosedOct 2013
Five Prime TherapeuticsListedUndisclosedJul 2013
Elevation PharmaceuticalsBought by Sunovion Pharmaceuticals$430MAug 2012
CloudShield TechnologiesBought by Science Applications International Corporation (SAIC)UndisclosedJan 2010
Tandem Diabetes CareListed$138MNov 2008
OnVantageBought by Lanyon MeetingsUndisclosedDec 2006
Spotcast CommunicationsBought by Leap WirelessUndisclosedMar 2001
An exit counts when it came after the firm's first round in the company. From historical deal records.
Companies it bought
Acquisitions by the firm itself
PoundworldUndisclosedMay 2015
Cirque du Soleil$1.5BApr 2015
Aptalis PharmaUndisclosedApr 2015
Prezzo$482MNov 2014
Cassidy TurleyUndisclosedSept 2014
Kensington$290MSept 2014
The Warranty Group$1.5BAug 2014
DTZUndisclosedJun 2014