TPG Growth, the middle market and growth equity investment platform of TPG, announced today the closing of TPG Growth III, its largest fund dedicated to investments in small- and mid-sized growth companies. The fund reached over $3 billion in aggregate capital commitments, surpassing its fundraising target of $2.75 billion in five months.

“The interest in our third fund speaks to the success of TPG’s growth equity strategy. We invest in dynamic companies, partnering with founders and management teams to leverage the full resources of the TPG platform and scale businesses in the U.S. and around the world,” said Bill McGlashan, Founder and Managing Partner of TPG Growth. “We look forward to identifying investment opportunities that can continue to deliver value for our investors, while helping to build great new companies.”

TPG Growth’s current and past investments represent a mix of disruptive and innovative companies across technology, retail and entertainment including Uber; Airbnb; Box; Domo; Beautycounter; Ride; SurveyMonkey; Evolution Media, whose companies include Matador, Slingshot and Layer3; STX Entertainment; e.l.f. Cosmetics; Angie’s Artisan Treats; Fender; Apollo Towers; and Masan Group.

With more than $7 billion in assets under management and committed capital, TPG Growth pursues selective investments in companies in a broad range of industries, with a significant focus on large, emerging markets such as China and India. TPG Growth offers deep sector knowledge, operational resources and global experience to drive value creation.