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Real Estate

Diversified Real Estate platform with multiple strategies including private equity, core plus, and residential and commercial debt

Systematic approach to real estate investing

We established our real estate investing practice to systematically pursue secular growth trends and opportunities borne from dislocation. We seek to utilize a thematic approach to generate attractive returns for our investors throughout cycles. Since inception, our real estate investing efforts have grown substantially, and today, we invest through several distinct strategies.




Year Founded


Invested Since Inception

TPG Real Estate Partners

Established in 2009, TPG Real Estate Partners (TREP) is TPG’s dedicated opportunistic real estate equity investment platform. TREP has built a differentiated investment portfolio comprised primarily of real estate-rich platforms and portfolios located in the United States and Europe.

TPG Real Estate Thematic Advantage Core-Plus

Established in 2021, TPG Real Estate created Thematic Advantage Core-Plus (TAC+) to pursue real estate investments in the US with stabilized tenancy and high potential for enduring cash flow. The TAC+ strategy invests in strategic real estate assets with inherent value and appreciation potential based on location, quality, and tenancy.

TPG Real Estate Finance Trust

TPG established TPG Real Estate Finance Trust, Inc. (NYSE: TRTX) in late 2014 and took the business public in July 2017. TRTX directly originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in North America. The TRTX portfolio consists of first mortgage loans (or interests therein) and mezzanine loans, with total commitments of $5.2 billion.

Our other platforms

TPG puts capital to work through six platforms. Throughout our history, we have grown organically into opportunities we identified through deep thematic work in key sectors and geographies, and through strategic acquisitions to diversify our offerings.


$71B AUM

Large-scale control-oriented private equity investing


$27B AUM

Growth equity and middle market private equity investing


$19B AUM

Private equity investing focused on both societal and financial outcomes

TPG Angelo Gordon

$80B AUM

Global credit and real estate investing platform

Market Solutions


Differentiated strategies built to address specific market opportunities

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