|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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