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The Venture Codex

TPG

345 California Street Suite 3300, San Francisco, CA, 94104, United States

Overview

Global alternative asset manager focusing on innovation and impact investin

Founded

1992

Deals · 12mo

8

Links

WebsiteLinkedInX (Twitter)

Stage focus

—

Geographic focus

India
United States

Sector focus

Asset Management
Digital Media
Financial Services
Real Estate Investment
...

Investment portfolio

106rounds
NAMEDATESIZE
Super.com
Jul 2026Led
$65 MSeries D
The Deployment Company
May 2026Led
$4.0 BOther Equity
Zum
Apr 2026Led
$100 MOther Equity
Convene
Apr 2026Led
$230 MOther Equity
Cambridge Mobile Telematics
Mar 2026Led
$350 MOther Equity
OpenAI
Mar 2026Participated
$10.0 BOther Equity
Anthropic
Feb 2026Participated
$30.0 BSeries G
Fibe
Dec 2025Participated
$35 MSeries F
Tide
Sep 2025Led
$120 MOther Equity
Tessolve Semiconductor
Sep 2025Led
$150 MOther Equity
Anthropic
Sep 2025Participated
$13.0 BSeries F
OpenAI
Aug 2025Participated
$8.3 BOther Equity
Super.com
Jul 2026Led
$65 MSeries D
The Deployment Company
May 2026Led
$4.0 BOther Equity
Zum
Apr 2026Led
$100 MOther Equity
Convene
Apr 2026Led
$230 MOther Equity
Cambridge Mobile Telematics
Mar 2026Led
$350 MOther Equity
OpenAI
Mar 2026Participated
$10.0 BOther Equity
Anthropic
Feb 2026Participated
$30.0 BSeries G
Fibe
Dec 2025Participated
$35 MSeries F
Tide
Sep 2025Led
$120 MOther Equity
Tessolve Semiconductor
Sep 2025Led
$150 MOther Equity
Anthropic
Sep 2025Participated
$13.0 BSeries F
OpenAI
Aug 2025Participated
$8.3 BOther Equity
106
Items
...
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Insights

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Deal Distribution

TPG: 106 funding rounds are recorded in the selected participation categories.All available history.
TPG: 106 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A21
Series B84
Series C+1521
Other Equity3519

Monthly Deal Activity

TPG: 106 deals are recorded across 197 months.All available history.
TPG: 106 deals are recorded across 197 months. All available history
MonthDeals
Jun '101
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '100
Jan '110
Feb '110
Mar '110
Apr '110
May '110
Jun '111
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '120
Oct '120
Nov '120
Dec '120
Jan '131
Feb '130
Mar '130
Apr '130
May '130
Jun '130
Jul '130
Aug '131
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '141
Apr '142
May '140
Jun '140
Jul '141
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '151
Jun '151
Jul '150
Aug '151
Sep '151
Oct '150
Nov '150
Dec '150
Jan '161
Feb '160
Mar '161
Apr '161
May '160
Jun '160
Jul '161
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '170
May '171
Jun '173
Jul '170
Aug '170
Sep '172
Oct '170
Nov '170
Dec '170
Jan '181
Feb '180
Mar '180
Apr '180
May '181
Jun '180
Jul '180
Aug '183
Sep '181
Oct '180
Nov '182
Dec '180
Jan '191
Feb '192
Mar '190
Apr '191
May '191
Jun '190
Jul '191
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '201
Mar '200
Apr '201
May '202
Jun '201
Jul '200
Aug '200
Sep '203
Oct '201
Nov '200
Dec '202
Jan '210
Feb '211
Mar '211
Apr '212
May '211
Jun '216
Jul '210
Aug '210
Sep '210
Oct '212
Nov '212
Dec '212
Jan '221
Feb '220
Mar '223
Apr '222
May '220
Jun '221
Jul '221
Aug '221
Sep '220
Oct '220
Nov '222
Dec '220
Jan '231
Feb '230
Mar '230
Apr '231
May '230
Jun '230
Jul '230
Aug '231
Sep '232
Oct '230
Nov '232
Dec '232
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '242
Jul '240
Aug '240
Sep '241
Oct '244
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '251
May '250
Jun '250
Jul '250
Aug '251
Sep '253
Oct '250
Nov '250
Dec '251
Jan '260
Feb '261
Mar '262
Apr '262
May '261
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

TPG: Enterprise Software is the largest displayed sector by deal count (31 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

TPG: Enterprise Software is the largest displayed sector by deal count (31 deals). All available history
SectorDeals
Enterprise Software31
Health & Life Sciences28
Fintech19
Networks, Cloud & Communication13
Clean Energy & Sustainability12
Manufacturing12
Data, Analytics & IT9
Consumer & Lifestyle9
E-Commerce & Retail8
Transportation & Logistics8
Real Estate & Construction7
Space & Frontier Tech7
Professional Services7
Cybersecurity & Privacy6
AI & Machine Learning6
Hardware & Robotics5
Education & Workforce4
Media & Entertainment4
Developer Tools4
Travel & Hospitality3
Food & Agriculture3
Marketing & Advertising2
Government & Defense1
Gaming & eSports1
Social & Community Platforms1

Deal Size Distribution

TPG: 106 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

TPG: 106 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M0
$10M-$25M6
$25M-$50M9
$50M-$100M12
$100M-$250M47
$250M-$500M17
$500M-$1B6
$1B+8

Deals By Geography

TPG: United States has the largest recorded deal count among the displayed regions (75 deals).All available history.

Top 9 of 9 regions; European countries are grouped as Europe.

TPG: United States has the largest recorded deal count among the displayed regions (75 deals). All available history
RegionDeals
United States75
India13
Europe7
Singapore3
China2
Hong Kong2
Israel2
South Korea1
Brazil1
TPG: 20 co-investors are shown, with T. Rowe Price Associates sharing 14 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

TPG: 20 co-investors are shown, with T. Rowe Price Associates sharing 14 recorded deals. All available history
Co-investorShared deals
T. Rowe Price Associates14
Goldman Sachs7
Norwest Venture Partners7
Andreessen Horowitz6
Dragoneer Investment Group6
Fidelity Management & Research Company6
Insight Partners6
BlackRock5
Coatue5
Morgan Stanley5
RA Capital Management5
Sequoia Capital5
Accel4
D1 Capital Partners4
Lightspeed Venture Partners4
SoftBank4
Tiger Global4
Venrock4
Altimeter Capital3
Bain Capital Life Sciences3

Investment Strategy

TPG: Led accounts for 57% and participating for 43% of round participation.All available history.
TPG: Led accounts for 57% and participating for 43% of round participation. All available history
CategoryDeals (count)Share (%)
Led6057%
Participating4643%
TPG: Single-lead accounts for 63% and co-led for 37% of lead dynamics.All available history.
TPG: Single-lead accounts for 63% and co-led for 37% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3863%
Co-led2237%

Team

Akash Pradhan
Akshay Tanna

Managing Director

Arun Agarwal
Avi Banyasz

Partner

David Bonderman

Chairman and Founding Partner

Frederick Antwi

Consultant

Hichem Omezzine
Jacob Gladstone
Jawad Hasan

Principal and Healthcare Investor

Jeffrey A Shaw

Co-Founder and General Partner

Jim Coulter

Co-Founder and Founding Partner

Kelvin L. Davis

Partner and Founder

Luke Barrett

Director of External Affairs

Mike Zappert

Partner

Puneet Bhatia

MD

Sanghoon Lee

Partner

Stephen Ellis

Senior Partner of Business Building

William S. Price

Founder