TPG Growth hits final close of fourth fund at $3.7 bn
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TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, has closed its fourth fund - TPG Growth IV - with $3.7 billion (Rs 23,690 crore) in commitments.

TPG has been investing in India since 2002. It has made the majority of its investments in the country through TPG Growth.

In the country, TPG Growth has invested in eyewear retailer Lenskart, surgical equipment maker Healthium Medtech, hospital chain Rhea Healthcare and cancer treatment provider Cancer Treatment Services International, among others.

“We focus on key themes across different geographies and industries, utilising a variety of financial structures, which enables us to be both disciplined and opportunistic. The close of TPG Growth IV is a testament to the strength of our strategy, collaborative culture, globally integrated approach and commitment to growth and innovation,” Bill McGlashan, founder and managing partner of TPG Growth, said in a statement.

TPG Growth’s current and past investments include Airbnb, Spotify and Uber, among others.

According to recent media reports, Asia Healthcare Holdings, the healthcare platform of TPG Growth, is looking to raise up to $100 million by selling a significant minority stake.

The TPG Growth platform, including the fourth fund, manages more than $13 billion in assets. It is backed by the resources of TPG, which has assets under management worth more than $73 billion.

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