Press Release

TPG Growth Adds Mark Grabowski as Partner

Experienced investor brings relationships and experience to the fund’s growing consumer practice

Fort Worth, Texas and San Francisco – September 7, 2016 – TPG Growth, the $7B growth equity and middle market investment platform of global alternative asset firm TPG, today announced that Mark Grabowski has joined as Partner. Grabowski, an investor with more than 15 years of experience, will oversee TPG Growth’s consumer investments.

“Our success with iconic brands like Fender, growth brands such as Beautycounter and e.l.f. Cosmetics, and disruptive, technology-enabled companies such as Lenskart gives us a strong foundation to build upon as we increase our focus on the consumer sector,” said Bill McGlashan, Founder and Managing Partner of TPG Growth. “Mark’s ability to partner with leadership teams and build great consumer companies is closely aligned with TPG Growth’s strategy, and we’re very pleased to welcome him to the team.”

Grabowski was most recently Managing Director for middle market consumer investment firm L Catterton, where he spent a decade evaluating and investing across a wide array of growth consumer companies. Grabowski has participated in investments such as convenience store operator MACS, yoga provider CorePower Yoga, at-home fitness system Peloton, and fitness franchisor Pure Barre.

“I’ve long respected TPG Growth for its creative approach to investing and ability to identify and build great businesses,” said Grabowski. “I’m thrilled to join such a talented team of investors and to drive their continued success in the consumer sector.”

TPG Growth’s current portfolio includes consumer companies such as homestay service Airbnb, healthy snack maker Angie’s, cosmetics brand Beautycounter, online makeup subscription delivery service Ipsy, leading music streaming service Spotify, and on-demand ride-sharing business Uber. Additionally, through its Evolution Media investment platform, TPG Growth has invested in cloud-based cable company Layer3 TV, healthy snack company Nomva, and cold-pressed juice company Suja. Previous investments by TPG Growth include Kosta Browne, a wine maker; Masan Group, a Vietnamese food and beverage company; and Schiff Vitamins.

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About TPG Growth
TPG Growth is the middle market and growth equity investment platform of TPG, the global private investment firm. With over $7 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources, and global experience to drive value creation, and help companies reach their full potential. The firm is backed by the resources of TPG, which has approximately $70 billion of assets under management. TPG Growth's current and past investments include Airbnb, Cancer Treatment Services International, e.l.f. Cosmetics, Lenskart, SurveyMonkey, Sutures, and Uber. TPG Growth has offices in China, India, London, Singapore, Turkey, and the United States. For more information, visit www.tpg.com.

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Media Contacts:
TPG
Georgia Gonder
+1 415-743-1658
ggonder@tpg.com