TPG Acquires Peppertree Capital Management

July 2, 2025

TPG Inc. has completed its acquisition of Peppertree Capital Management, adding a $7.8 billion communications infrastructure investing strategy that will operate as TPG Peppertree. The business will be led by Peppertree's Co-Managing Partners Howard Mandel and Ryan Lepene and expands TPG's footprint in digital infrastructure, bringing pro forma AUM to $258 billion.

Buyers
TPG Inc.
Targets
Peppertree Capital Management
Industry
Infrastructure
Location
Ohio, United States
Transaction Type
Buyout

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