Monday, May 6, 2019

TPG Launches New Investment Fund, TPG Tech Adjacenies

San Francisco- and Fort Worth, Texas-based private equity investor TPG announced this morning that it has launched a new fund, TPG Tech Adjacencies (TTAD), which will focus on "capital solutions for the technology industry". According to TPG, the new fund will 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. TPG said the new fund is led by David Trujillo, Managing Partner and Partner, Internet, Digital Media & Communications (IDMC), and Nehal Raj, Partner, Software & Enterprise Technology.