Home / Business and Economy / TPG Raises $4.8B Growth Fund, Defying Market Slowdown
TPG Raises $4.8B Growth Fund, Defying Market Slowdown
6 Aug
Summary
- TPG raised $4.8B for its latest growth fund, exceeding $4B target
- Fund focuses on software, tech, healthcare, and business services
- TPG has already committed 40% of the fund to 10 new deals
As of August 6th, 2025, private equity firm TPG has successfully raised $4.8 billion for its latest growth fund, TPG Growth VI. The firm exceeded its initial $4 billion target, attracting new investors from the Middle East, Asia, and Latin America.
The new fund is part of TPG's strategy dating back to 2007, focusing on investments in software, enterprise technology, internet, digital media, healthcare, and business services. TPG has already committed around 40% of the $4.8 billion fund across 10 deals, including Schott Pharma, Cliffwater, and K2 Medical Research.
Despite a broader slowdown in distributions to private equity investors due to higher interest rates, TPG Growth has managed to maintain a strong performance. The firm has signed or closed $2.3 billion worth of deal exits as of June 30th, 2025, maintaining a 2-to-1 ratio of investment sales to new acquisitions.
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"They're getting back multiples of the dollars that they invested with us, and that allows them to contribute to the new fund," said David Trujillo, co-managing partner of TPG Growth.
While the team closely monitors the uncertain macroeconomic climate, the strategy is centered on finding businesses that can generate 20% to 30% growth, according to Matt Hobart, co-managing partner of TPG Growth.
