TPG Inc., a leading global alternative asset management firm, today announced the successful completion of its previously announced acquisition of Peppertree Capital Management.

With the completion of the transaction, TPG has added a differentiated investing strategy focused on wireless communications towers and related critical communications assets, delivering immediate scale in a core subset of the growing digital infrastructure sector. Moving forward, the $7.8 billion strategy will operate as TPG Peppertree and will continue to be led by Howard Mandel and Ryan Lepene as Co-Managing Partners. Across all platforms, TPG now manages $258 billion¹ of AUM.

“With Peppertree’s proven communications infrastructure strategy, TPG has meaningfully expanded its presence in an attractive digital infrastructure category with strong secular tailwinds,” said Jon Winkelried, Chief Executive Officer of TPG. “This combination presents meaningful opportunities to leverage our combined capabilities and areas of expertise to deliver value for investors and shareholders.”

“TPG’s leading alternatives platform and global scale position us well to identify and execute on opportunities presented by a rapidly evolving network infrastructure landscape,” said Howard Mandel and Ryan Lepene, Co-Managing Partners of TPG Peppertree. “We look forward to applying our combined expertise and intellectual capital to identify opportunities and accelerate growth through new and existing strategies.”

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