TPG Growth, Norwest Venture Partners and Evolvence India Lead $33M Investment in Ess Kay Fincorp

TPG Makes >$100M Growth Investment in EIS

June 29, 2021

Cloud & SaaS

TPG, via its TPG Tech Adjacencies fund, made a growth investment of more than $100 million in EIS, a San Francisco–based cloud-native insurance software platform. The capital will be used to accelerate product development across risk, health and wealth lines and to support geographic expansion.

TPG Acquires 99.02% Stake in Poonawalla Housing Finance

July 27, 2023

Financial Services

TPG, through its Asia-focused private equity platform TPG Capital Asia, has completed the acquisition of a 99.02% equity stake in Poonawalla Housing Finance Limited from Poonawalla Fincorp Limited and will infuse up to INR 1,000 crore of additional equity to support growth. PHFL is a pan‑India affordable housing finance company with a deep branch network and ~Rs. 6,571 crore AUM (Jun'23); TPG intends to partner with existing management to scale the business in the affordable housing segment.

TPG Growth Invests $150 Million in Tessolve

September 4, 2025

Engineering Services

TPG Growth has invested $150 million in Tessolve, a global semiconductor and embedded engineering services provider, in a growth equity transaction. The capital will be used to expand R&D and test lab capacity, strengthen global delivery centers, and support strategic acquisitions as Tessolve scales its semiconductor engineering capabilities.

KKR and Norwest Venture Partners Invest in Infinx

May 21, 2024

Healthcare Services

KKR (via a fund managed by the firm) has agreed to make a minority investment in Infinx Services Private Limited, an AI-driven healthcare revenue cycle management (RCM) provider based in Mumbai. Norwest Venture Partners, an existing investor, participated in the financing; proceeds will be used to accelerate growth, expand AI and analytics capabilities, broaden market reach in the U.S., and support bolt-on acquisitions.

TPG NewQuest and A91 Partners Acquire Citykart from Investcorp

May 27, 2025

Retail

TPG NewQuest and A91 Partners have acquired Investcorp's entire stake in Citykart, a rapidly growing value-fashion retailer focused on Tier-2 and Tier-3 Indian towns. Citykart has expanded its store base from 37 to 137 stores and is projected to generate approximately INR 8.8 billion (about US$102 million) revenue for FY2025 as the new owners aim to accelerate the company's next phase of growth.

Evolent Health Acquires IPG from TPG Growth for $375M

June 29, 2022

Healthcare Services

Evolent Health agreed to acquire IPG, a provider of surgical cost management solutions for musculoskeletal conditions, from TPG Growth for $375 million in cash plus up to $87 million of contingent consideration. The IPG platform will be integrated into Evolent’s New Century Health business to expand the company's value-based specialty care capabilities and add new payer and ambulatory surgery center relationships; the deal is expected to be immediately accretive to adjusted EBITDA.