TPG has closed its TPG Tech Adjacencies (TTAD) fund, focused on the technology industry, reaching $1.6 billion in capital commitments.
TTAD aims to provide flexible capital for tech startup founders and early investors looking for liquidity, as well as primary structured equity solutions for companies looking for additional, creative capital for growth.
The fund is led by managing partner David Trujillo and partner Nehal Raj.
TPG co-chief executive Jon Winkelried explained: “In developing TTAD, we’re combining our differentiated insight and sector expertise to bring a new capital solution to an emerging class of technology companies and entrepreneurs who are choosing to stay private longer.
With approximately $9 billion invested across various tech sectors, the alternative asset firm has previously invested in Airbnb, Box, Calm, C3, Entertainment Partners, EverFi, Fandom, Tanium, Uber, WellSky and Zscaler.
Founded in 1992, TPG now has more than $104 billion of assets under management, and offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul and Singapore.
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