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TPG

Private Equity · Founded 1992 · San Francisco, United States

#158 Investor Ranking 2026 Top 1% of investors worldwide

A global private investment firm

207 Portfolio companies+30% in 5 years
154 Unicorns
35 Decacorns
389 Investments
Aug 2026 Last investment
02 · Biggest holdings

TPG’s biggest current holdings.

TPG is a named shareholder in 14 companies. Dealroom estimates those stakes are worth about $3.5B in total — the disclosed percentage × each company’s latest valuation. The 12 biggest are below, each sized by that estimate.

#CompanyEst. stakeValuationEst. value
  1. 1 TaniumSecurity · Unicorn 10% $9.0B $900M
  2. 2 VintedEnterprise Software · Unicorn 4.5% $9.4B $424M
  3. 3 Dream11Gaming · Unicorn 5.5% $7.3B $402M
  4. 4 KaseyaEnterprise Software · Unicorn 18.5% $1.8B $324M
  5. 5 EnpalEnergy · Unicorn 11.5% $2.5B $285M
  6. 6 TwelveEnergy · Unicorn 10.5% $2.0B $210M
  7. 7 8.5% $2.0B $170M
  8. 8 7% $2.2B $154M
  9. 9 15.2% $1.0B $152M
  10. 10 5% $3.0B $150M
  11. 11 3.1% $3.2B $99M
  12. 12 5.3% $1.5B $80M

Showing the 12 largest of 14 disclosed direct holdings.

6 companies hidden on this public profile. Estimated value = TPG’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. TPG also appears inside investor groups in Course Hero, Human Interest, Tarana Wireless, Varo Money, Vast Data, Zipline, where a standalone stake isn’t disclosed. See the underlying shareholder registers on Dealroom →

03 · Exits

TPG’s biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from TPG’s transaction record.

$82B IPO · 2019
Entered Series B+Now $163BFood
$47B IPO · 2020
Entered Series B+Now $97BTravel
$30B IPO · 2018
Now $90BMusic
IQVIA
IPO · 2013
Entered Series B+Now $53BHealth
$1.9B IPO · 2018
Entered Series B+Now $26BSecurity
$20B IPO · 2021
Entered Series B+Now $18BFintech
$7.7B IPO · 2025
Entered Series B+Now $13BFashion
Life Storage
$13B acquisition · 2023
Entered Series B+Now $13BFintech
$6.4B IPO · 2018
Entered Series B+Now $11BEnergy
Viking Cruises
$10B IPO · 2024
Entered Series B+Now $10BTravel
IPO · 2024
Entered Series B+Now $7.6BReal Estate
$250M IPO · 2020
Entered Series B+Now $7.3BHealth
04 · Portfolio analysis

Where TPG’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 207 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA288
  2. India43
  3. China24
  4. Australia14
  5. UK13
  6. Canada7
  7. Brazil5
  8. Hong Kong5
  9. Israel5
  10. Germany4
  11. South Korea4
  12. Cuba3
By sectorCount
  1. Health119
  2. Enterprise Software65
  3. Fintech50
  4. Food33
  5. Energy31
  6. Media25
  7. Transportation22
  8. Real Estate21
  9. Marketing18
  10. Education14
  11. Wellness Beauty14
  12. Security13
By stage enteredCount
  1. Series B+193
  2. Series A37
  3. Seed2
By growth stageCount
  1. Late Growth219
  2. Mature92
  3. Breakout Stage81
  4. Early Growth58
05 · Portfolio market map

Inside TPG’s portfolio.

The 60 highest-funded portfolio companies, of 207 tracked.

OpenAI
Enterprise Software · Centicorn
$852B
Anthropic
Enterprise Software · Centicorn
$965B
Uber
Food · Centicorn
$163B
Reliance Jio
Telecom · Centicorn
$115B
Airbnb
Travel · Decacorn
$97B
NIO
Energy · Decacorn
$11B
Zipline
Robotics · Unicorn
$7.6B
Spotify
Music · Decacorn
$90B
Du Xiaoman Financial
Fintech · Unicorn
$3.3B
PharmEasy
Health
$710M
Lenskart
Fashion · Decacorn
$13B
Kakao Mobility
Transportation · Unicorn
$4.2B
ServiceTitan
Real Estate · Unicorn
$7.6B
The CrownX (TCX)
Fintech · Unicorn
$8.2B
Dream11
Gaming · Unicorn
$7.3B
Varo Money
Fintech · Unicorn
$2.5B
VICE Media
Media · Unicorn
$5.7B
AvidXchange
Fintech · Unicorn
$1.7B
Uxin Group
Transportation
$529M
Mobike
Transportation · Unicorn
$2.7B
Twelve
Energy · Unicorn
$2.0B
Toast
Fintech · Decacorn
$18B
Project44
Transportation · Unicorn
$2.2B
Cambridge Mobile Telematics
Fintech · Unicorn
$1.4B
Tanium
Security · Unicorn
$9.0B
Odyssey Therapeutics
Health
$724M
Enpal
Energy · Unicorn
$2.5B
STX Entertainment
Media
$173M
Domo
Marketing
$299M
STX Entertainment
Marketing
$173M
Momentive
Marketing · Unicorn
$1.5B
Kaseya
Enterprise Software · Unicorn
$1.8B
OneOncology
Health · Unicorn
$7.4B
Fractal Analytics
Enterprise Software · Unicorn
$2.4B
GRIDSERVE
Energy
TruMid
Fintech · Unicorn
$1.0B
Summit Carbon Solutions
Energy · Unicorn
$1.1B
Saluda Medical
Health
$501M
GreenSky
Fintech
$781M
PropertyGuru
Real Estate · Unicorn
$1.1B
Zenefits
Jobs Recruitment
$200M
Xpressbees
Transportation · Unicorn
$1.4B
Box
Security · Unicorn
$5.2B
Vinted
Fashion · Unicorn
$9.4B
Jana Small Finance Bank
Fintech
$655M
Frontier Car Group
Transportation
$700M
Kajabi
Education · Unicorn
$2.0B
Monogram Health
Health · Unicorn
$1.9B
Allogene Therapeutics
Health
$500M
Fourth Partner Energy
Energy
$280M
DZS
Telecom
$19M
Acorns
Fintech
$514M
Age of Learning
Gaming · Unicorn
$3.0B
RefleXion Medical
Health
$550M
Dingdang Kuaiyao
Health
$880M
Janalakshmi
Fintech
$644M
LivSpace
Real Estate · Unicorn
$1.0B
Course Hero
Education · Unicorn
$3.6B
Anuvia Plant Nutrients
Food
MX Technologies
Fintech · Unicorn
$1.9B
06 · Portfolio founders

Where TPG’s portfolio founders come from.

172 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States99
  2. India31
  3. China11
  4. Germany7
  5. Israel4
  6. Denmark3
  7. Lithuania2
  8. Sweden2
  9. United Kingdom2
  10. Australia1
UniversityCount
  1. Harvard University9
  2. Massachusetts Institute of Technology8
  3. Stanford University8
  4. Cornell University7
  5. Indian Institute of Management Ahmedabad4
  6. Indian Institute of Technology, Delhi4
  7. University of California, Berkeley4
  8. Indian Institute of Technology, Madras3
  9. Stanford University Graduate School of Business3
  10. University of Southern California3
Previous companyCount
  1. Microsoft6
  2. SumTotal Systems5
  3. Alphabet | Google4
  4. Goldman Sachs4
  5. IBM4
  6. OpenAI4
  7. Endeca3
  8. Stanford University3
  9. ANZ2
  10. GSK2