Investments
188Portfolio Exits
74Funds
14Partners & Customers
3Service Providers
3About 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.

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


Latest TPG Growth News
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.

TPG Growth Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/10/2022 | PIPE | Dr. Agrarwal Eye Hospital | $135.6M | Yes | Temasek, and TPG Growth | 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 | |||||
11/2/2021 | Recap |
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 | ||
Amount | $135.6M | $96M | $18.7M | ||
New? | Yes | Yes | No | ||
Co-Investors | Temasek, and TPG Growth | ||||
Sources | 3 | 7 | 3 |
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 | 9 | |||
11/8/2022 | Corporate Majority | Microgame | 1 | ||
6/29/2022 | Acquired | 5 | |||
Date | 1/12/2023 | 11/8/2022 | 6/29/2022 | ||
---|---|---|---|---|---|
Exit | Acquired | Corporate Majority | Acquired | ||
Companies | Microgame | ||||
Valuation | |||||
Acquirer | |||||
Sources | 9 | 1 | 5 |
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 | $15M | Acq - Fin | 1 | ||
2/2/2021 | Private Equity | Acq - Fin | 2 | |||
1/14/2021 | Series E+ | $156.5M | Acq - Fin | 5 | ||
10/27/2020 | Other Venture Capital | |||||
1/23/2020 | Private Equity |
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 | |||||
Valuation | |||||
Total Funding | $15M | $156.5M | |||
Note | Acq - Fin | Acq - Fin | Acq - Fin | ||
Sources | 1 | 2 | 5 |
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 | ||||
3/15/2016 | Evercare Health Fund LP |
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 | ||||
Status | Open | ||||
Amount | $675.9M | $3,700M | |||
Sources | 6 | 1 | 1 |
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 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 | ||||
4/17/2014 | Partner |
Date | 12/5/2017 | 7/17/2017 | 4/17/2014 |
---|---|---|---|
Type | Partner | Partner | Partner |
Business Partner | |||
Country | United States | ||
News Snippet | 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 . | ||
Sources | 1 |
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 | |
Name | Bill McGlashan | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
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