In private equity, timing is everything. Nowhere is that more obvious than in the closing of TPG’s latest technology growth fund that seeks to invest in companies that may choose to stay private longer.
TPG Tech Adjacencies II, or TTAD II, raised $3.4 billion, above its $2.5 billion to $3 billion target, according to a statement. This is also more than double the roughly $1.6 billion collected by the TTAD’s debut pool in May 2019. TTAD II will provide minority growth investments to companies across the technology sector including software & enterprise technology as well as internet, digital media and communications. Nehal Raj and David Trujillo, TPG partners, are co-managing partners of TTAD.
