TPG

Public data, unclaimed profile

Fund manager (General Partner), AVCA member. Assets under management: ≈ USD 306bn.

At a glance

Based on observed investment behaviour: 3 recorded deals

Investor type: Private equity or venture capital fund (inferred, not verified)
Capital type: Private equity (inferred from deals)
Observed ticket: 47.5 M$ – 200 M$, median 123.8 M$ (2 disclosed amounts); Stated ticket : 20 M$ – 200 M$
Countries: Botswana (1), Kenya (1)
Activities: Payments and mobile money (2), Tourism and leisure (1)
Instruments: Equity (3)
Stages: Growth (2), Series C+ (1)
Recent activity: 0 deal in 12 months, latest Mar 2021

Stated thesis versus observed behaviour

Sectors: 67% of its deals within its stated thesis
Countries: 50% of its deals within its stated thesis
Ticket: 100% of its deals within its stated thesis

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Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.

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Investment thesis

Criteria published by the fund, recorded and checked by Invest Matching.

Investment ticket: 20 M$ – 200 M$
Instruments: Equity
Preferred sectors: Healthcare, Financial services, Fintech, Education, Energy, Manufacturing, Tourism & hospitality*
Target geographies: Nigeria, Kenya, Ghana, Egypt, Morocco, Botswana*
Stages (stated by the fund and from its deals): Series C+Growth
Website: https://www.tpg.com

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

Airtel Mobile Commerce BV

March 2021

Growth200 M$EquityFintechLead

Activity : Payments and mobile money

Instrument : prise de participation dans AMC BV · Vehicle : The Rise Fund

Airtel Mobile Commerce BV holds and operates Airtel Africa's mobile-money businesses across fourteen African countries.

Why they invested

Expand access to digital payments and financial services
Build on a mobile-money business already present in 14 African countries

Source : tpg.comN1 · Primary source

Wilderness Holdings

July 2018 · Botswana

GrowthUndisclosed amountEquityTourism & hospitalityLead

Activity : Tourism and leisure

Instrument : prise de participation de 34 % · Vehicle : The Rise Fund

Wilderness Holdings is a Botswana-based ecotourism group operating across seven African countries.

Why they invested

Scale an impact-oriented ecotourism model
Support a group operating in seven African countries
Combine commercial growth and conservation

Source : tpg.comN1 · Primary source

Cellulant

May 2018 · Kenya

Series C+47.5 M$EquityFintechLead

Activity : Payments and mobile money

Instrument : Series C · Vehicle : The Rise Fund

Cellulant provides digital payment services to consumers, businesses, financial institutions, governments and mobile operators across Africa.

Why they invested

Expand digital payments infrastructure in Africa
Increase financial inclusion
Support expansion of a platform operating in 11 African markets

Co-investors Endeavor Catalyst, Satya Capital

Source : tpg.comN1 · Primary source

In short

TPG invests tickets ranging from 20 M$ to 200 M$, across the following sectors: Healthcare, Financial services, Fintech, Education, Energy, Manufacturing, and Tourism & hospitality, in the following areas: Nigeria, Kenya, Ghana, Egypt, Morocco, and Botswana. Check in 30 seconds whether your company fits these criteria.

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