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Alternative Market Briefing

TPG nabs $1.6bn for technology growth equity fund

Tuesday, May 07, 2019

Laxman Pai, Opalesque Asia:

TPG, a global alternative assets firm, closed its $1.6bn TPG Tech Adjacencies fund(TTAD), exceeding the venture capital and growth equity fund's $1.5bn fund's hard cap.

TTAD is a new investment vehicle focused on capital solutions for the technology industry.

"TTAD aims to provide flexible capital for founders, employees, and early investors looking for liquidity, as well as primary structured equity solutions for companies looking for additional, creative capital for growth," said a press release.

"In developing TTAD, we're combining our differentiated insight and sector expertise to brin......................

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