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.

Funds / TPG Growth V, L.P.

TPG Growth V, L.P.

MatureClosed to new capitalGrowth fundADV: Private Equity FundTPG Capital Advisors, LLCDelaware
Amounts, each with its basis
Vintage
2020basis: form d first sale
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
$3.4Bwhat may be sold, not what was raised; joined by exact issuer name, corroborated by the general partner the adviser swears for this fund, the issuer filing from the adviser's state, not sworn by the adviser (confidence 0.70); file 021-372914
Form D sold
$3.4Bas of the filing of Aug 16, 2021, 97 investors
First sale
Aug 14, 2020
Reported GAV
$4.9Bon the Form ADV filed Oct 22, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
105
Reported on ADV
Mar 30, 2021 to Oct 22, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2021-08-16: the stated $3.4bn offering reported fully sold (fr-1)
evidence dated Aug 16, 2021. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Mature
vintage 4 to 7 years
age years: 6first sale: 2020-08-14vintage year: $2,020adv gav as of: 2024-10-22vintage basis: form_d_first_saleform d sold usd: $3.4Bform d offering usd: $3.4Bform d latest filed at: 2021-08-16
The fund's own reporting through time
21 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 30, 2021Private Equity Fund$2.0B
302%yes
Jun 2, 2021Private Equity Fund$2.0B
302%yes
Oct 28, 2021Private Equity Fund$2.0B
302%yes
Nov 12, 2021Private Equity Fund$2.0B
302%yes
Jan 7, 2022Private Equity Fund$2.0B
302%yes
Feb 11, 2022Private Equity Fund$2.0B
302%yes
Mar 30, 2022Private Equity Fund$4.7B
1024%yes
Jun 28, 2022Private Equity Fund$4.7B
1024%yes
Oct 26, 2022Private Equity Fund$4.7B
1024%yes
Dec 4, 2022Private Equity Fund$4.7B
1024%yes
Mar 30, 2023Private Equity Fund$5.1B
1024%yes
May 23, 2023Private Equity Fund$5.1B
1024%yes
Sep 28, 2023Private Equity Fund$5.1B
1024%yes
Dec 1, 2023Private Equity Fund$5.1B
1024%yes
Dec 20, 2023Private Equity Fund$5.1B
1024%yes
Mar 28, 2024Private Equity Fund$4.9B
1054%yes
May 21, 2024Private Equity Fund$4.9B
1054%yes
Jul 30, 2024Private Equity Fund$4.9B
1054%yes
Sep 27, 2024Private Equity Fund$4.9B
1054%yes
Sep 27, 2024Private Equity Fund$4.9B
1054%yes
Oct 22, 2024Private Equity Fund$4.9B
1054%yes
Principals and agents
4 principals on Form D, 1 placement agents
  • David Bonderman Executive Officer
  • James G. Coulter Executive Officer
  • TPG Growth GenPar V, L.P. Executive Officer/Director/Promoter
  • TPG Growth GenPar V Advisors, LLC Executive Officer/Director
  • Merrill Lynch, Pierce, Fenner & Smith Incorporated placement agent
Limited partners and their reported performance
8 public LP reports
LPVintage (LP’s)CommittedPaid inDistributedRemaining valueNet IRRMultipleAs of
Minnesota State Board of Investment msbi.us2021$150M$163M$73.3M$143M9.3%1.3xJun 30, 2026
New Jersey Division of Investment nj.gov2020$100M$95.5M$37.3M$95.2Mnot meaningful yet1.4xMay 31, 2026
Oregon Public Employees Retirement Fund oregon.gov2020$250M$354M$209M$238M9.8%1.3xMar 31, 2026
Washington State Investment Board sib.wa.gov2021$400M$411M$167M$418M12.0%1.4xDec 31, 2025
California Public Employees' Retirement System calpers.ca.gov2021$200M$206M$82.3M$209M11.7%1.4xDec 31, 2025
Colorado Public Employees' Retirement Association content.copera.org2021$50.0M$52.0M$19.9Mn/a11.9%unknownDec 31, 2025
Alaska Permanent Fund Corporation apfc.org2021$50.0Mn/an/an/anot meaningful yetunknownDec 31, 2025
California State Teachers' Retirement System calstrs.com2021$100M$103M$21.3M$124M14.5%1.4xJun 30, 2025

Each row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).

Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
11 events
  1. Jun 30, 2026
    MSBI reports TPG Growth V: $150,000,000 committed, vintage 2021, net IRR 9.3%, 1.32x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  2. May 31, 2026
    NJ DOI reports TPG Growth V, L.P.: $100,000,000 committed, vintage 2020
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  3. Mar 31, 2026
    OPERF reports TPG Growth V: $250,000,000 committed, vintage 2020, net IRR 9.8%, 1.26x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  4. Dec 31, 2025
    Colorado PERA reports TPG Growth V, L.P.: $50,000,000 committed, vintage 2021
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  5. Dec 31, 2025
    APFC reports TPG Growth V LP: $50,000,000 committed, vintage 2021
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  6. Dec 31, 2025
    WSIB reports TPG Growth V, L.P.: $400,000,000 committed, vintage 2021, net IRR 12.0%, 1.4x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  7. Dec 31, 2025
    CalPERS reports TPG Growth V, L.P.: $200,000,000 committed, vintage 2021, net IRR 11.7%, 1.4x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  8. Jun 30, 2025
    CalSTRS reports TPG Growth V L.P.: $100,000,000 committed, vintage 2021, net IRR 14.5%, 1.42x
    LP commitment disclosed Fact Public pension and endowment private-markets disclosures (CalPERS, CalSTRS, WSIB, NYSCRF, Texas TRS, UTIMCO ...)
  9. Aug 16, 2021
    TPG Growth V, L.P. filed Form D/A: $3,364,181,995 sold of $3,364,181,995, Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
  10. Mar 30, 2021
    TPG Growth V, L.P. first reported on Form ADV by TPG Capital Advisors, LLC (Private Equity Fund), GAV $1,960,900,000
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  11. Aug 10, 2020
    TPG Growth V, L.P. filed Form D: no sales yet (indefinite offering), Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
33 observations
Every observation on this vehicle