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Private Equity
FINANCE | Asset/Financial Management
tpggrowth.com

Investments

188

Portfolio Exits

74

Funds

14

Partners & Customers

3

Service Providers

3

About TPG Growth

TPG Growth is the middle market and growth equity investment platform of TPG, the global private investment firm. With $3.0 billion under management, TPG Growth targets investments in a broad range of industries and geographies, utilizing leveraged buyout, growth equity, and private investment in public equity (PIPE) structures. TPG and its affiliates have significant healthcare experience with investments in Aptalis Pharma, Healthscope, Biomet, Fenwal, IASIS Healthcare, IMS Health, Oxford Health Plans, Parkway Holdings, Quintiles Transnational, ShangPharma, and Surgical Care Affiliates, among others. The firm is backed by the resources of TPG with $51.5 billion of assets under management. TPG Growth has offices in the United States, China, and India.

Headquarters Location

2882 Sand Hill Road Suite 106

Menlo Park, California, 94025,

United States

650-289-5800

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Expert Collections containing TPG Growth

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find TPG Growth in 2 Expert Collections, including Vitamin & Supplement Startups.

V

Vitamin & Supplement Startups

237 items

U

Unicorns- Billion Dollar Startups

114 items

Research containing TPG Growth

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned TPG Growth in 3 CB Insights research briefs, most recently on Nov 10, 2021.

Latest TPG Growth News

Novant Health, TPG to expand MedQuest's network of outpatient radiology centers nationwide

Feb 1, 2023

Rating saved TPG has partnered with Novant Health to expand its subsidiary, MedQuest's network of outpatient radiology centers nationwide. (MedQuest headquarters, photo courtesy of MedQuest Associates) Novant Health Enterprises, a division of Novant Health, and alternative asset management firm TPG have created a national imaging center management company that will oversee the expansion of Novant’s wholly-owned subsidiary MedQuest Associates and its network of outpatient imaging centers across the U.S. For over 20 years, MedQuest has partnered with hospitals to develop and implement outpatient radiology strategies, including owning and managing freestanding outpatient and mobile imaging centers, both as stand-alone and joint ventures. Through MedQuest, Novant currently has a network of 50 centers that span Virginia, North Carolina, Maryland, Mississippi and South Carolina. TPG is investing in this partnership through its middle market and growth equity platform, TPG Growth, which will use its experience investing in capital, growth, impact, real estate and market solutions to expand the network across the country through new partnerships with healthcare providers in other regions. “We believe the company is well-positioned to build its platform in existing markets and establish joint venture partnerships in new markets. TPG has a long history of innovative partnerships with leading health systems, including through our investments in GoHealth Urgent Care and Surgical Care Affiliates, among others,” said Zach Ferguson, a managing director with TPG Growth, in a statement. Novant Health’s own integrated network spans Virginia, North and South Carolina, and Georgia, and employs over 2,400 physicians and over 37,000 employees at 800 locations, including 18 hospitals and hundreds of outpatient facilities and physician clinics. “Leveraging the comprehensive capabilities of MedQuest and TPG's business-building aptitude, joint venture experience, and collective health system relationships, this partnership will ensure a high standard of care for those receiving imaging services,” said Carl Armato, Novant Health president and chief executive officer, in a statement. Novant and TPG Growth finalized the joint venture on December 31, 2022, commencing it immediately. Financial details were not disclosed. TPG declined HCB News' request for comment.

TPG Growth Investments

188 Investments

TPG Growth has made 188 investments. Their latest investment was in Dr. Agrarwal Eye Hospital as part of their PIPE on May 5, 2022.

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TPG Growth Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/10/2022

PIPE

Dr. Agrarwal Eye Hospital

$135.6M

Yes

3

2/22/2022

Private Equity

Beauty for All Industries

$96M

Yes

7

11/10/2021

Series A - III

Seasoned

$18.7M

No

3

11/2/2021

Series D

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$99M

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10

11/2/2021

Recap

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10

Date

5/10/2022

2/22/2022

11/10/2021

11/2/2021

11/2/2021

Round

PIPE

Private Equity

Series A - III

Series D

Recap

Company

Dr. Agrarwal Eye Hospital

Beauty for All Industries

Seasoned

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Amount

$135.6M

$96M

$18.7M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

3

7

3

10

10

TPG Growth Portfolio Exits

74 Portfolio Exits

TPG Growth has 74 portfolio exits. Their latest portfolio exit was Swrve on January 12, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/12/2023

Acquired

$99M

9

11/8/2022

Corporate Majority

Microgame

$99M

1

6/29/2022

Acquired

$99M

5

5/9/2022

IPO

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$99M

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10

3/18/2022

Reverse Merger

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$99M

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10

Date

1/12/2023

11/8/2022

6/29/2022

5/9/2022

3/18/2022

Exit

Acquired

Corporate Majority

Acquired

IPO

Reverse Merger

Companies

Microgame

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

9

1

5

10

10

TPG Growth Acquisitions

30 Acquisitions

TPG Growth acquired 30 companies. Their latest acquisition was Morrow Sodali on April 26, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/26/2022

Private Equity

$99M

$15M

Acq - Fin

1

2/2/2021

Private Equity

$99M

Acq - Fin

2

1/14/2021

Series E+

$99M

$156.5M

Acq - Fin

5

10/27/2020

Other Venture Capital

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$99M

$99M

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10

1/23/2020

Private Equity

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$99M

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10

Date

4/26/2022

2/2/2021

1/14/2021

10/27/2020

1/23/2020

Investment Stage

Private Equity

Private Equity

Series E+

Other Venture Capital

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$15M

$156.5M

$99M

Note

Acq - Fin

Acq - Fin

Acq - Fin

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Sources

1

2

5

10

10

TPG Growth Fund History

14 Fund Histories

TPG Growth has 14 funds, including TPG GROWTH II GATOR.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/27/2019

TPG GROWTH II GATOR

$675.9M

6

10/21/2019

The Rise Fund II

Diversified Private Equity

Open

1

12/18/2017

TPG Growth Fund IV

$3,700M

1

10/4/2017

The Rise Fund

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$99M

10

3/15/2016

Evercare Health Fund LP

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$99M

10

Closing Date

12/27/2019

10/21/2019

12/18/2017

10/4/2017

3/15/2016

Fund

TPG GROWTH II GATOR

The Rise Fund II

TPG Growth Fund IV

The Rise Fund

Evercare Health Fund LP

Fund Type

Diversified Private Equity

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Status

Open

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Amount

$675.9M

$3,700M

$99M

$99M

Sources

6

1

1

10

10

TPG Growth Partners & Customers

3 Partners and customers

TPG Growth has 3 strategic partners and customers. TPG Growth recently partnered with Big River Steel on December 12, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

12/5/2017

Partner

United States

TPG Growth Partnered with Big River Steel to Create a State-of-the-Art Steel Mill. Video Case Study: Private Equity Partnership Revolutionizes The Steel Industry - American Investment Council

TPG Growth has been a partner in helping Big River Steel since its inception , advising on financing and product strategy as well as corporate governance .

1

7/17/2017

Partner

United Kingdom

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10

4/17/2014

Partner

India

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10

Date

12/5/2017

7/17/2017

4/17/2014

Type

Partner

Partner

Partner

Business Partner

Country

United States

United Kingdom

India

News Snippet

TPG Growth Partnered with Big River Steel to Create a State-of-the-Art Steel Mill. Video Case Study: Private Equity Partnership Revolutionizes The Steel Industry - American Investment Council

TPG Growth has been a partner in helping Big River Steel since its inception , advising on financing and product strategy as well as corporate governance .

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Sources

1

10

10

TPG Growth Service Providers

6 Service Providers

TPG Growth has 6 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

Partnership data by VentureSource

TPG Growth Team

7 Team Members

TPG Growth has 7 team members, including current Chief Executive Officer, Bill McGlashan.

Name

Work History

Title

Status

Bill McGlashan

Chief Executive Officer

Current

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Name

Bill McGlashan

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Work History

Title

Chief Executive Officer

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Status

Current

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