DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / TPG Capital Advisors, LLC
TPG Capital Advisors, LLC
Private equity with venture activity · candidateFort Worth, TXtpg.comSEC registered investment adviser
A leader in the alternative asset space, TPG was built for a distinctive approach, managing assets through a principled focus on innovation.
no venture fund on Form ADV; public LPs book its vehicles as Growth Equity
Importance
53
elevated
Active deployment
36
elevated
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
16
moderate
Identity and regulatory footprint
- Headquarters
- Fort Worth, TXadviserinfo.sec.gov
- Office address
- 301 COMMERCE STREET, SUITE 3300, Fort Worth, TX, 76102adviserinfo.sec.gov
- Business phone
- 817-871-4000adviserinfo.sec.gov
- Website
- HTTP://WWW.TPG.COM
- SEC adviser type
- registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Oct 22, 2024
- Private funds reported
- 99 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $112Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $112Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 361
- Owners on Schedule A
- TPG Operating Group II, L.P. (General Partner), E; TPG Group Holdings (sbs), L.P. (Limited Partner), D; TPG New Holdings, LLC (Limited Partner), E; TPG Partner Holdings, L.P. (Shareholder), E; TPG Holdings II Sub, L.P. (Managing Member), E
- business email
- investorrelations@tpg.comtpg.compublished by the subject
- business email
- shareholders@tpg.comtpg.compublished by the subject
- business email
- media@tpg.comtpg.compublished by the subject
- business phone
- 817-871-4000adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
3 observed deals
Stated (the firm’s website)
- Sectors
- enterprise software, healthcare, consumer, climate, space, cybersecurity, industrial, media
- Stages
- growth
- Geography
- global, globally, uk
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- family office
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate n/afollow-on rate n/anew logos, 12 months 3
Funds and vehicles
11 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| TPG Partners X | Fund | 2025 lp reported | Early deployment | unknown | unknown | unknown | unknown |
| TPG Rise Climate II, L.P | Fund | 2025 lp reported | Early deployment | unknown | unknown | unknown | unknown |
| TPG Growth VI, L.P. | Growth fund · ADV: Private Equity Fund | 2023 form d first sale | Active deployment | $1.3B Oct 22, 2024 | 19 | $2.1B | Sep 25, 2024 |
| The Rise Fund III, L.P. | Fund · ADV: Private Equity Fund | 2022 form d first sale | Active deployment | $3.1B Oct 22, 2024 | 152 | $2.4B | Jul 7, 2023 |
| TPG Partners IX, L.P | Fund | 2022 lp reported | Active deployment | unknown | unknown | unknown | unknown |
| TPG Rise Climate, L.P. | Fund · ADV: Private Equity Fund | 2021 form d first sale | Mature | $9.9B Oct 22, 2024 | 178 | $6.8B | Feb 18, 2022 |
| TPG Tech Adjacencies II, L.P | Fund | 2021 lp reported | Mature | unknown | unknown | unknown | unknown |
| TPG Growth V, L.P. | Growth fund · ADV: Private Equity Fund | 2020 form d first sale | Mature | $4.9B Oct 22, 2024 | 105 | $3.4B of $3.4B | Aug 16, 2021 |
| TPG Growth IV, L.P. | Growth fund · ADV: Private Equity Fund | 2018 adv first reported | Harvest | $5.3B Oct 22, 2024 | 92 | unknown | unknown |
| TPG Partners VIII | Fund | 2018 lp reported | Harvest | unknown | unknown | unknown | unknown |
| TPG Partners VII, L.P | Fund | 2015 lp reported | Harvest | unknown | unknown | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
4 current, 9 departed
Martin Louis Davidson
Platform and operationsChief Accounting Officer · since Sep 1, 2014
Roberta Joann Harris
Platform and operationsChief Compliance Officer · since Apr 1, 2016
Steven Andrew Willmann
Platform and operationsTreasurer · since Jul 1, 2016
Jordan Kolar
Vice presidentVice President · since Jan 1, 2023
9 departed (kept with end dates)
- David Nmn Bonderman · Shareholder · Jan 1, 2022 to Sep 27, 2024 Inference
- James George Coulter · Shareholder · Jan 1, 2022 to Sep 27, 2024 Inference
- Bradford Berenson · General Counsel · Feb 1, 2022 to Mar 28, 2024 Inference
- David Craig Reintjes · Chief Compliance Officer/Assistant Secretary · Jun 1, 2010 to Apr 13, 2016 Inference
- KEN Nolan Murphy · Chief Operating Officer · Feb 1, 2022 to Dec 1, 2023 Inference
- Stephen Rose · Assistant Treasurer · Feb 1, 2018 to Mar 30, 2020 Inference
- John Edward Viola · Vice President / Treasurer · Jun 1, 2010 to Sep 2, 2016 Inference
- Michael Andrew Lagatta · Vice President · Aug 1, 2016 to Mar 30, 2022 Inference
- Ronald Nmn Cami · Vice President / Secretary · Jun 1, 2010 to Mar 30, 2016 Inference
Investments on record
3 edges, 3 companies, 0 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| TPG Asia | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| TPG Capital | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
| TPG Healthcare Partners | portfolio listing | unknown | unknown | unknown | unknown | Sep 16, 2026 | Fact Venture organization websites (about, team, portfolio, thesis, news pages) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
50 disclosed
- Los Angeles City Employees' Retirement System in TPG Rise Climate II, L.P $50.0M Sep 23, 2024 lacers.org
- Los Angeles City Employees' Retirement System in TPG Rise Climate, L.P. $50.0M Sep 30, 2021 lacers.org
- New York State Common Retirement Fund in TPG Growth IV, L.P. $350M Dec 6, 2017 osc.ny.gov
- New York State Common Retirement Fund in TPG Partners VII, L.P $250M Mar 30, 2015 osc.ny.gov
- California Public Employees' Retirement System in The Rise Fund III, L.P. $100M calpers.ca.gov
- California Public Employees' Retirement System in TPG Growth IV, L.P. $75.0M calpers.ca.gov
- Washington State Investment Board in TPG Rise Climate II, L.P $400M sib.wa.gov
- California Public Employees' Retirement System in TPG Growth V, L.P. $200M calpers.ca.gov
- Washington State Investment Board in The Rise Fund III, L.P. $250M sib.wa.gov
- Minnesota State Board of Investment in TPG Growth VI, L.P. $150M msbi.us
- Washington State Investment Board in TPG Growth V, L.P. $400M sib.wa.gov
- Washington State Investment Board in TPG Growth IV, L.P. $350M sib.wa.gov
- Alaska Permanent Fund Corporation in TPG Growth VI, L.P. $50.0M apfc.org
- Washington State Investment Board in TPG Growth VI, L.P. $400M sib.wa.gov
- Alaska Permanent Fund Corporation in TPG Growth V, L.P. $50.0M apfc.org
- California State Teachers' Retirement System in TPG Growth IV, L.P. $200M calstrs.com
- California State Teachers' Retirement System in TPG Growth V, L.P. $100M calstrs.com
- New York State Common Retirement Fund in TPG Growth IV, L.P. $350M osc.ny.gov
- Oregon Public Employees Retirement Fund in TPG Growth IV, L.P. $200M oregon.gov
- Oregon Public Employees Retirement Fund in TPG Growth V, L.P. $250M oregon.gov
- Los Angeles City Employees' Retirement System in TPG Rise Climate II, L.P amount undisclosed lacers.org
- Los Angeles City Employees' Retirement System in TPG Rise Climate, L.P. amount undisclosed lacers.org
- Colorado Public Employees' Retirement Association in TPG Growth IV, L.P. $50.0M content.copera.org
- Minnesota State Board of Investment in TPG Growth V, L.P. $150M msbi.us
- Colorado Public Employees' Retirement Association in TPG Growth VI, L.P. $50.0M content.copera.org
- Colorado Public Employees' Retirement Association in TPG Growth V, L.P. $50.0M content.copera.org
- New Jersey Division of Investment in TPG Growth V, L.P. $100M nj.gov
- Massachusetts Pension Reserves Investment Management Board amount undisclosed mapension.com
- Minnesota State Board of Investment in TPG Partners VII, L.P $100M msbi.us
- Minnesota State Board of Investment in TPG Partners VIII $150M msbi.us
- Minnesota State Board of Investment in TPG Partners IX, L.P $100M msbi.us
- Minnesota State Board of Investment in TPG Tech Adjacencies II, L.P $150M msbi.us
- California Public Employees' Retirement System in TPG Partners IX, L.P $300M calpers.ca.gov
- California Public Employees' Retirement System in TPG Partners VIII $150M calpers.ca.gov
- California Public Employees' Retirement System in TPG Tech Adjacencies II, L.P $200M calpers.ca.gov
- Washington State Investment Board in TPG Partners IX, L.P $480M sib.wa.gov
- Washington State Investment Board in TPG Partners VII, L.P $600M sib.wa.gov
- Washington State Investment Board in TPG Partners VIII $750M sib.wa.gov
- Washington State Investment Board in TPG Partners X $600M sib.wa.gov
- California State Teachers' Retirement System in TPG Partners IX, L.P $200M calstrs.com
- California State Teachers' Retirement System in TPG Partners VIII $200M calstrs.com
- Minnesota State Board of Investment in TPG Partners X $150M msbi.us
- Oregon Public Employees Retirement Fund in TPG Partners VII, L.P $700M oregon.gov
- Oregon Public Employees Retirement Fund in TPG Partners VIII $400M oregon.gov
- Oregon Public Employees Retirement Fund in TPG Partners X $213M oregon.gov
- New York State Common Retirement Fund in TPG Partners VII, L.P $250M osc.ny.gov
- Oregon Public Employees Retirement Fund in TPG Partners IX, L.P $280M oregon.gov
- New Jersey Division of Investment in TPG Growth IV, L.P. $149M nj.gov
- California Public Employees' Retirement System in TPG Growth VI, L.P. $200M calpers.ca.gov
- New Jersey Division of Investment in TPG Rise Climate, L.P. $150M nj.gov
Timeline
24 dated events
- Jun 30, 2025Mass PRIM lists TPG Capital among its private equity managers
- Sep 27, 2024James George Coulter (Shareholder) no longer on Schedule A of TPG Capital Advisors, LLC
- Sep 27, 2024David Nmn Bonderman (Shareholder) no longer on Schedule A of TPG Capital Advisors, LLC
- Mar 28, 2024Bradford Berenson (General Counsel) no longer on Schedule A of TPG Capital Advisors, LLC
- Mar 28, 2024TPG Growth VI, L.P. first reported on Form ADV by TPG Capital Advisors, LLC (Private Equity Fund), GAV $1,112,100,000Fund first reported on Form ADVFundsFactTPG Growth VI, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 1, 2023KEN Nolan Murphy (Chief Operating Officer) no longer on Schedule A of TPG Capital Advisors, LLC
- Mar 30, 2023The Rise Fund III, L.P. first reported on Form ADV by TPG Capital Advisors, LLC (Private Equity Fund), GAV $2,396,600,000Fund first reported on Form ADVFundsFactThe Rise Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 1, 2023Jordan Kolar joined Schedule A of TPG Capital Advisors, LLC as Vice President
- Mar 30, 2022Michael Andrew Lagatta (Vice President) no longer on Schedule A of TPG Capital Advisors, LLC
- Mar 30, 2022TPG Rise Climate, L.P. first reported on Form ADV by TPG Capital Advisors, LLC (Private Equity Fund), GAV $6,878,500,000Fund first reported on Form ADVFundsFactTPG Rise Climate, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 1, 2022Bradford Berenson joined Schedule A of TPG Capital Advisors, LLC as General Counsel
- Mar 30, 2021TPG Growth V, L.P. first reported on Form ADV by TPG Capital Advisors, LLC (Private Equity Fund), GAV $1,960,900,000Fund first reported on Form ADVFundsFactTPG Growth V, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2020Stephen Rose (Assistant Treasurer) no longer on Schedule A of TPG Capital Advisors, LLC
- Mar 29, 2018TPG Growth IV, L.P. first reported on Form ADV by TPG Capital Advisors, LLC (Private Equity Fund), GAV $3,776,000,000Fund first reported on Form ADVFundsFactTPG Growth IV, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Feb 1, 2018Stephen Rose joined Schedule A of TPG Capital Advisors, LLC as Assistant Treasurer
- Sep 2, 2016John Edward Viola (Vice President / Treasurer) no longer on Schedule A of TPG Capital Advisors, LLC
- Aug 1, 2016Michael Lagatta joined Schedule A of TPG Capital Advisors, LLC as Vice President
- Jul 1, 2016KEN Nolan Murphy joined Schedule A of TPG Capital Advisors, LLC as Vice President
- Jul 1, 2016Steven Andrew Willmann joined Schedule A of TPG Capital Advisors, LLC as Treasurer
- Apr 13, 2016David Craig Reintjes (Chief Compliance Officer/Assistant Secretary) no longer on Schedule A of TPG Capital Advisors, LLC
- Apr 1, 2016Roberta Joann Harris joined Schedule A of TPG Capital Advisors, LLC as Chief Compliance Officer / Assistant Secretary
- Mar 30, 2016Ronald Nmn Cami (Vice President / Secretary) no longer on Schedule A of TPG Capital Advisors, LLC
- Sep 1, 2014Martin Louis Davidson joined Schedule A of TPG Capital Advisors, LLC as Chief Accounting Officer
- Dec 2, 2011TPG Capital Advisors, LLC first filed Form ADV (IA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 13, 2026Private equity with venture activity (candidate, 50%, cls-1)no venture fund on Form ADV; public LPs book its vehicles as Growth Equity
Evidence
107 observations from 3 sources
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| SEC adviser type | registered_investment_adviser | Oct 22, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| First Form ADV filing | 2011-12-02 | Oct 22, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Adv history loaded | adv-hist-1 | Sep 13, 2026 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Latest Form ADV filing | 2024-10-22 | Oct 22, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Venture share of reported funds | 0 | Oct 22, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Business phone | 817-871-4000 | Oct 22, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Contact page url | https://www.tpg.com/contact-us “contact page linked from the home page” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Description | A leader in the alternative asset space, TPG was built for a distinctive approach, managing assets through a principled focus on innovation. “meta description” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Description | A leader in the alternative asset space, TPG was built for a distinctive approach, managing assets through a principled focus on innovation. “meta description” | Sep 13, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Employees | 361 | Oct 22, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Headquarters | Fort Worth, TX | Oct 22, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Lp strategy label | Growth Equity “6 public LP rows book this manager's vehicles as Growth Equity; e.g. Growth Equity | The Rise Fund III, L.P. | 5/26/2023 | 250,000,000 | 215,989,877 | 58,415,838 | 259,644,382 | 25,662,767 | 285,307,1” | Sep 13, 2026 | Fact | Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...) |
| Office address | 301 COMMERCE STREET, SUITE 3300, Fort Worth, TX, 76102 | Oct 22, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Self-described type | family_office “Through TPG’s family office roots, entrepreneurial heritage, and West Coast base, we have developed a differentiated approach to alternative investments based on innovation, organic growth, and a cult” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Self-described type | family_office “Through TPG’s family office roots, entrepreneurial heritage, and West Coast base, we have developed a differentiated approach to alternative investments based on innovation, organic growth, and a cult” | Sep 13, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Portfolio page | https://www.tpg.com/platforms/capital “3 entries read” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Portfolio page | https://www.tpg.com/platforms/capital “3 entries read” | Sep 13, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Private funds reported | 99 | Oct 22, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Private fund gross assets (reported) | $112B | Oct 22, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Regulatory AUM (adviser, not fund size) | $112B | Oct 22, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Stated geography | global,globally,uk “geography words on the home page” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Stated geography | global,globally,uk “geography words on the home page” | Sep 13, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Stated sectors | enterprise_software,healthcare,consumer,climate,space,cybersecurity,industrial,media “sector words on the home page” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Stated sectors | enterprise_software,healthcare,consumer,climate,space,cybersecurity,industrial,media “sector words on the home page” | Sep 13, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Stated stages | growth “stage words on the home page” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Stated stages | growth “stage words on the home page” | Sep 13, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Team page | https://www.tpg.com/investors “0 name/title pairs read” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Team page | https://www.tpg.com/investors “0 name/title pairs read” | Sep 13, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Venture funds reported | 0 | Oct 22, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Website | HTTP://WWW.TPG.COM | Oct 22, 2024 | Fact | SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B) |
| Site title | Meet TPG | A Leading Global Alternative Asset Manager “title tag” | Sep 16, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |
| Site title | Meet TPG | A Leading Global Alternative Asset Manager “title tag” | Sep 13, 2026 | Fact | Venture organization websites (about, team, portfolio, thesis, news pages) |