DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Tpg Real Estate Advisors, LLC

Asset manager (funds and pooled vehicles)Fort Worth, TexasCRD 170731SEC 801-79315websiteIAPD
Latest filing Jun 4, 2026
First filing on the tape Feb 28, 2014 · 38 filings
SEC status approved since Apr 10, 2014
RAUM
$17B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$8.5B
derived; firm RAUM over IAPD count
Employees
48
48 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
33
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$17B as of Jun 4, 2026
Apr 1, 2015$3.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 4, 2026
Apr 1, 20150 then
Employees (5.A)48 as of Jun 4, 2026
Apr 1, 201519 then
Private funds33 as of Jun 4, 2026
Mar 31, 20173 then
RAUM +8.5% over the last fiscal year+4.7% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 4, 2026; every figure names its basis
RAUM per advisor
$8.5BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$485MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
24.0derivedItem 5.A over advisors
Advisors per office
0.5derived4 offices incl. principal (1.F.5)
RAUM growth, one year
+8.5%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, otherreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
yesreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$17B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
35reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUMreported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=4.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      33 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Tpg Real Estate Partners IV, L.P.Real Estate Fund$3.1B55Mar 30, 2022
      Tpg Real Estate Partners IV (C), L.P.Real Estate Fund$2.4B20Mar 30, 2022
      Tpg Real Estate Partners IV (B), L.P.Real Estate Fund$1.7B5Mar 30, 2022
      Tpg Real Estate Partners III (B), L.P.Real Estate Fund$1.5B9Mar 30, 2020
      Tpg Real Estate Partners III, L.P.Real Estate Fund$1.3B48Mar 29, 2019
      Tpg Real Estate Partners III (A), L.P.Real Estate Fund$634M28Mar 30, 2020
      Tpg Real Estate Thematic Advantage Core-Plus Jv I, L.P.Real Estate Fund$522M4Mar 30, 2022
      Tpg Real Estate Thematic Advantage Core-Plus Jv (II), L.P.Real Estate Fund$494M2Mar 30, 2022
      Tpg Real Estate Partners IV (A), L.P.Real Estate Fund$480M14Mar 30, 2022
      Tpg Re III Cinema Chicago Co-Invest, L.P.Real Estate Fund$449M19Mar 30, 2023
      Tpg Real Estate Partners III (C), L.P.Real Estate Fund$443M14Mar 30, 2020
      Tpg Real Estate Thematic Advantage Core-Plus Jv (IV), L.P.Real Estate Fund$395M4Mar 30, 2022
      Tpg Real Estate Credit Opportunities, L.P.Real Estate Fund$378M6Mar 28, 2024
      Tpg Real Estate Partners II (B), L.P.Real Estate Fund$249M7Mar 30, 2021
      Tpg Re II Alpha Co-Invest I, Limited PartnershipReal Estate Fund$214M3Mar 29, 2018
      Tpg Real Estate Partners IV Co-Invest I, L.P.Real Estate Fund$201M3Mar 28, 2024
      Tpg Real Estate Partners II (E1), L.P.no longer reportedPrivate Equity Fund$201M2Aug 7, 2014
      Tpg Gazelle Partners, L.P.Real Estate Fund$201M3Mar 28, 2024
      Tpg Real Estate Partners II, L.P.Real Estate Fund$178M23Aug 7, 2014
      Tpg Real Estate Thematic Advantage Core-Plus Jv (V), L.P.Real Estate Fund$148M1Mar 30, 2022
      Tpg Real Estate Thematic Advantage Core-Plus Jv (III), L.P.Real Estate Fund$148M1Mar 30, 2022
      Tpg Real Estate Partners II (A), L.P.Real Estate Fund$146M15Mar 30, 2021
      Tpg Real Estate Partners II (E1), L.P.Real Estate Fund$139M2Mar 30, 2021
      Tpg Real Estate Partners IV Co-Invest II, L.P.Real Estate Fund$101M3Mar 30, 2023
      Tpg Real Estate Partners II (A), L.P.no longer reportedPrivate Equity Fund$101M2Aug 7, 2014
      Tpg Real Estate Partners II (B), L.P.no longer reportedPrivate Equity Fund$101M2Aug 7, 2014
      Tpg Real Estate Partners IV Co-Invest III, L.P.Real Estate Fund$100M3Mar 30, 2023
      Tpg Toucan Partners, L.P.Real Estate Fund$66.8M9Mar 28, 2024
      Tpg Real Estate Thematic Advantage Core-Plus Jv (Vi), L.P.Real Estate Fund$49.8M3Mar 30, 2023
      Tpg Real Estate Partners III (D), L.P.Real Estate Fund$13.7M1Mar 29, 2019
      Tpg Re II Atom Co-Invest, L.P.Real Estate Fund$3.5M2Mar 30, 2023
      Tpg Re II Trios Co-Invest I, Limited PartnershipReal Estate Fund$1.6M2Mar 24, 2017
      Tpg Real Estate II Fof, L.P.Real Estate Fund$800,0002Mar 31, 2017
      Owners and control persons
      Schedule A and B, latest filing
      • Louis Martin Davidson · Chief Accounting Officercontrol
        since 06/2015 · owns less than 5%
      • Joann Roberta Harris · Chief Compliance Officercontrol
        since 04/2016 · owns less than 5%
      • Jordan Kolar · Vice Presidentcontrol
        since 01/2023 · owns less than 5%
      • Andrew Steven Willmann · Treasurercontrol
        since 07/2016 · owns less than 5%
      Entity owners
      • Tpg Holdings II Sub, L.P. · Managing Member
        direct · owns 75% or more
      • Tpg Group Holdings (Sbs), L.P. · Limited Partner
        indirect · owns 50% to 75% of Tpg Operating Group II, L.P.
      • Tpg Operating Group II, L.P. · General Partner
        indirect · owns 75% or more of Tpg Holdings II Sub, L.P.
      • Tpg New Holdings, LLC · Limited Partner
        indirect · owns 75% or more of Tpg Group Holdings (Sbs), L.P.
      • Tpg Partner Holdings, L.P. · Shareholder
        indirect · owns 75% or more of Tpg New Holdings, LLC
      Related persons
      Schedule D 7.A
      • Ag Acofa Gp LLC
        bankpooled vehicle sponsorn
      • Ag Adp LLC
        bankpooled vehicle sponsorn
      • Ag Andvari Gp LLC
        bankpooled vehicle sponsorn
      • Ag Arts Credit Gp, LLC
        bankpooled vehicle sponsorn
      • Ag Asia II LLC
        bankpooled vehicle sponsorn
      • Ag Asia III LLC
        bankpooled vehicle sponsorn
      • Ag Asia IV LLC
        bankpooled vehicle sponsorn
      • Ag Asia LLC
        bankpooled vehicle sponsorn
      • Ag Asia V LLC
        bankpooled vehicle sponsorn
      • Ag Asset Based Credit Gp, LLC
        bankpooled vehicle sponsorn
      • Ag Capital Recovery Viii LLC
        bankpooled vehicle sponsorn
      • Ag Capital Solutions Gp, LLC
        bankpooled vehicle sponsorn
      • Ag Centre Street Gp LLC
        bankpooled vehicle sponsorn
      • Ag Clo Equity Fund Gp, LLC
        bankpooled vehicle sponsorn
      • Ag Corporate Credit Opportunities Gp LLC
        pooled vehicle sponsorn
      • Ag Credit Solutions Fund Gp, LLC
        bankpooled vehicle sponsorn
      • Ag Credit Solutions Fund II Gp, LLC
        bankpooled vehicle sponsorn
      • Ag Credo Gp LLC
        bankpooled vehicle sponsorn
      • Ag Credo II Gp LLC
        bankpooled vehicle sponsorn
      • Ag Credo III Gp LLC
        bankpooled vehicle sponsorn
      • Ag Csf2a (Annex) Dislocation Fund Gp, LLC
        bankpooled vehicle sponsorn
      • Ag Direct Lending Evergreen Fund Gp, LLC
        bankpooled vehicle sponsorn
      • Ag Direct Lending Fund (Mm) Gp, LLC
        pooled vehicle sponsorn
      • Ag Direct Lending Fund (Tx) Gp, LLC
        bankpooled vehicle sponsorn
      • Ag Direct Lending Fund Gp, LLC
        bankpooled vehicle sponsorn
      • Ag Direct Lending Fund II Gp, LLC
        bankpooled vehicle sponsorn
      • Ag Direct Lending Fund III Gp, LLC
        bankpooled vehicle sponsorn
      • Ag Direct Lending Fund IV Annex Gp, LLC
        bankpooled vehicle sponsorn
      • Ag Direct Lending Fund IV Gp, LLC
        bankpooled vehicle sponsorn
      • Ag Direct Lending Fund V Gp, LLC
        bankpooled vehicle sponsorn
      Advisers that list Tpg Real Estate Advisors, LLC as a related person
      Office movement
      IAPD branch city; joins and departures in 12 months
      OfficeAdvisorsJoinedLeftTeams outForming
      Fort Worth, Tx · principal200
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY24 employees
      • London, United Kingdom11 employees
      • San Francisco, CA9 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • large related person networkStatic outlier · filing Jun 4, 2026
        related persons on Schedule D 7.A of 371.0 against a peer median of 11.0 (492 comparable advisers, 100.0th percentile, 40.5 robust deviations)
        peers: asset managers, $5B to $20B (492) · 100% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 34 to 35
        Mar 28, 2025 to Mar 27, 2026
      • Advisory employees · 44 to 48
        Mar 28, 2025 to Mar 27, 2026
      • BD registered reps · 2 to 4
        Mar 28, 2025 to Mar 27, 2026
      • Pooled vehicle clients · 34 to 35
        Mar 28, 2025 to Mar 27, 2026
      • Employees · 45 to 48
        Mar 28, 2025 to Mar 27, 2026
      • Private funds · 32 to 33
        Mar 28, 2025 to Mar 27, 2026
      • Discretionary RAUM · $16B to $17B
        Mar 28, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $16B to $17B
        Mar 28, 2025 to Mar 27, 2026
      • RAUM · $16B to $17B
        Mar 28, 2025 to Mar 27, 2026
      • Accounts · 32 to 34
        Sep 27, 2024 to Mar 28, 2025
      • Pooled vehicle clients · 32 to 34
        Sep 27, 2024 to Mar 28, 2025
      • Employees · 44 to 45
        Sep 27, 2024 to Mar 28, 2025
      • Financial planning clients · unset to
        Sep 27, 2024 to Mar 28, 2025
      • Private funds · 30 to 32
        Sep 27, 2024 to Mar 28, 2025
      • Discretionary RAUM · $16B to $16B
        Sep 27, 2024 to Mar 28, 2025
      • Pooled vehicle RAUM · $16B to $16B
        Sep 27, 2024 to Mar 28, 2025
      • RAUM · $16B to $16B
        Sep 27, 2024 to Mar 28, 2025
      • Related insurance company · true to false
        Sep 27, 2024 to Mar 28, 2025
      • Accounts · 28 to 32
        Dec 1, 2023 to Mar 28, 2024
      • Advisory employees · 38 to 44
        Dec 1, 2023 to Mar 28, 2024
      • Pooled vehicle clients · 28 to 32
        Dec 1, 2023 to Mar 28, 2024
      • Employees · 38 to 44
        Dec 1, 2023 to Mar 28, 2024
      • Private funds · 26 to 30
        Dec 1, 2023 to Mar 28, 2024
      • Discretionary RAUM · $15B to $16B
        Dec 1, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $15B to $16B
        Dec 1, 2023 to Mar 28, 2024
      • RAUM · $15B to $16B
        Dec 1, 2023 to Mar 28, 2024
      • Accounts · 27 to 28
        Dec 4, 2022 to Mar 30, 2023
      • Advisory employees · 32 to 38
        Dec 4, 2022 to Mar 30, 2023
      • Advisory activities · 2 to 1
        Dec 4, 2022 to Mar 30, 2023
      • Pooled vehicle clients · 27 to 28
        Dec 4, 2022 to Mar 30, 2023
      • Employees · 32 to 38
        Dec 4, 2022 to Mar 30, 2023
      • Private funds · 21 to 26
        Dec 4, 2022 to Mar 30, 2023
      • Discretionary RAUM · $7.8B to $15B
        Dec 4, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $7.8B to $15B
        Dec 4, 2022 to Mar 30, 2023
      • RAUM · $7.8B to $15B
        Dec 4, 2022 to Mar 30, 2023
      • Related insurance company · false to true
        Dec 4, 2022 to Mar 30, 2023
      • Accounts · 18 to 27
        Feb 11, 2022 to Mar 30, 2022
      • Advisory employees · 33 to 32
        Feb 11, 2022 to Mar 30, 2022
      • BD registered reps · 3 to 2
        Feb 11, 2022 to Mar 30, 2022
      • Pooled vehicle clients · 18 to 27
        Feb 11, 2022 to Mar 30, 2022
      Signals
      18 dated events
      • Nmn David Bonderman (Shareholder) no longer on Schedule A of Tpg Real Estate Advisors, Llc (listed 2024-03-28, absent 2024-09-27)
        Sep 27, 2024 · Control person left · inference
      • George James Coulter (Shareholder) no longer on Schedule A of Tpg Real Estate Advisors, Llc (listed 2024-03-28, absent 2024-09-27)
        Sep 27, 2024 · Control person left · inference
      • John Matthew Coleman (Vice President) no longer on Schedule A of Tpg Real Estate Advisors, Llc (listed 2023-12-01, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • Yaman Shukairy (Vice President) no longer on Schedule A of Tpg Real Estate Advisors, Llc (listed 2023-12-01, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • Bradford Berenson (General Counsel) no longer on Schedule A of Tpg Real Estate Advisors, Llc (listed 2023-12-01, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • Nolan Ken Murphy (Chief Operating Officer) no longer on Schedule A of Tpg Real Estate Advisors, Llc (listed 2023-05-11, absent 2023-12-01)
        Dec 1, 2023 · Control person left · inference
      • Tpg Real Estate Advisors, Llc reported RAUM $14.8B, up 89% from $7.8B (2022-12-04 to 2023-03-30)
        Mar 30, 2023 · RAUM change · derived
      • Jordan Kolar (Vice President) appeared on Schedule A of Tpg Real Estate Advisors, Llc
        Mar 30, 2023 · Control person joined · fact
      • Tpg Real Estate Advisors, Llc reported RAUM $7.8B, up 26% from $6.2B (2022-02-11 to 2022-03-30)
        Mar 30, 2022 · RAUM change · derived
      • Andrew Michael Lagatta (Vice President) no longer on Schedule A of Tpg Real Estate Advisors, Llc (listed 2022-02-11, absent 2022-03-30)
        Mar 30, 2022 · Control person left · inference
      • Bradford Berenson (General Counsel) appeared on Schedule A of Tpg Real Estate Advisors, Llc
        Mar 30, 2022 · Control person joined · fact
      • Yaman Shukairy (Vice President) appeared on Schedule A of Tpg Real Estate Advisors, Llc
        Mar 30, 2021 · Control person joined · fact
      • Tpg Real Estate Advisors, Llc reported RAUM $6.3B, down 30% from $9.0B (2020-03-30 to 2020-05-15)
        May 15, 2020 · RAUM change · derived
      • Tpg Real Estate Advisors, Llc reported RAUM $9.0B, up 52% from $6.0B (2019-03-29 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • Stephen Rose (Assistant Treasurer) no longer on Schedule A of Tpg Real Estate Advisors, Llc (listed 2019-03-29, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • Tpg Real Estate Advisors, Llc reported RAUM $6.0B, up 159% from $2.3B (2018-03-29 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • Stephen Rose (Assistant Treasurer) appeared on Schedule A of Tpg Real Estate Advisors, Llc
        Mar 29, 2019 · Control person joined · fact
      • Tpg Real Estate Advisors, Llc filed its initial SEC registration (Form ADV)
        Feb 28, 2014 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Website
      TPG.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      817-871-4000reportedpublic record, Form ADV, Jun 4, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      $8.5Bderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      Tpg Real Estate Advisors, LLC is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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