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TPG Closes Tech Adjacencies Fund on $1.6B

Date: May 06, 2019 @ 08:55 AM
Filed Under: Industry News

TPG, a global alternative assets firm, announced the closing of TPG Tech Adjacencies (TTAD), 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. The fund reached $1.6 billion in capital commitments, surpassing its hard cap of $1.5 billion. TTAD is led by David Trujillo, Managing Partner and Partner, Internet, Digital Media & Communications (IDMC), and Nehal Raj, Partner, Software & Enterprise Technology.

“The firm has a history of building new, innovative products and strategies to address evolving market opportunities,” said Jon Winkelried, Co-CEO of TPG. “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. TTAD marks another step in the evolution of TPG’s platform as we continue to find differentiated ways to deliver value for our investors.”

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