Private Equity Funds
TPG has historically relied primarily on private equity funds, pools of committed capital from pension funds, insurance companies, endowments, fund of funds, high net worth individuals, sovereign wealth funds and other institutional investors. As of the end of 2008, TPG had completed fundraising for over 20 funds with total investor commitments of over $50 billion.
The firm manages investment funds in a number of distinct strategies including:
-
- TPG's flagship leveraged buyout funds
- Venture capital funds, particularly focused on biotechnology investments
- Distressed debt and other credit strategies invested through a series of funds raised in 2007
- Asian and Latin American funds, including the firm's Newbridge and TPG Asia fund family
- Other private equity funds. This includes TPG's T3 Partners funds, which invest in technology focused deals alongside the firm's main buyout funds. TPG Star has a broad investment mandate including buyouts, venture capital and growth capital, however all of its investments are at the smaller end of the range, compared to TPG's traditional investments.
| Fund | Vintage Year |
Committed Capital ($m) |
| TPG's Flagship Leveraged Buyout Funds | ||
| Texas Pacific Group Partners | 1994 | $721 |
| Texas Pacific Group Partners II | 1997 | $2,500 |
| Texas Pacific Group Partners III | 2000 | $3,414 |
| Texas Pacific Group Partners IV | 2003 | $5,300 |
| Texas Pacific Group Partners V | 2006 | $15,000 |
| TPG Partners VI | 2008 | $19,800 |
| Venture capital funds | ||
| TPG Ventures | 2001 | $339 |
| TPG Biotechnology Partners | 2002 | $70 |
| TPG Biotechnology Partners II | 2006 | $402 |
| TPG Biotechnology Partners III | 2008 | $550 |
| Distressed debt funds | ||
| TPG Credit Management I | 2007 | $1,000 |
| TPG Credit Strategies | 2007 | $443 |
| Newbridge and TPG Asia funds | ||
| Newbridge Investment Partners | 1995 | $120 |
| Newbridge Latin America | 1995 | $300 |
| Newbridge Andean Partners | 1996 | $150 |
| Newbridge Asia II | 1998 | $392 |
| Newbridge Asia III | 2001 | $724 |
| Newbridge Asia IV | 2005 | $1,500 |
| TPG Asia V | 2008 | $4,250 |
| Other private equity funds | ||
| T3 Partners | 1999 | $1,000 |
| T3 Partners II | 2001 | $378 |
| TPG Star | 2007 | $1,500 |
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