SEC Filing Record

Offering Amount

$145.0M

Strategy

PE

Exemption

06b

Date Filed

Jun 12, 2026

0002062773-26-000001

View on SEC EDGAR →

37A Read

This is a VI-vintage successor in an established series, signaling TPG is rolling forward its structured credit/specialty finance strategy with continuity in GP leadership across Adam Schwartz, Frank Stadelmaier, Christopher Moore, Brian Sigman, and Jean-Baptiste Garcia—a five-person core team managing both strategy and deal flow for what appears to be a defined playbook rather than a new mandate shift.

The absence of prior EDGAR filings from TPG on this strategy suggests either a newly registered entity for tax or operational purposes, or a restructuring of how this strategy reports to the SEC; the 06b exemption (no public solicitation) combined with the GP count indicates TPG is relying entirely on pre-existing LP relationships and repeat capital from prior funds in this series to fill the raise.

A mid-2026 filing for a $145M structured note fund reflects LP appetite for credit-adjacent vehicles in a period of higher rates and refinancing pressure—TPG is likely capitalizing on demand from existing LPs for dry powder in specialty finance while market volatility creates pricing opportunities that were not available in 2024-2025.

Before commitment, verify whether this fund has key-man provisions tied to any of the five named GPs and confirm the waterfall treatment of structured note holders relative to other TPG credit vehicles—the successor fund structure increases risk that capital deployment strategy or fee economics may have shifted from Fund V without explicit LP consent mechanisms.

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Principals

General Partners & Executives

Adam Schwartz Frank Stadelmaier Christopher Moore Brian Sigman Jean-Baptiste Garcia

TPG TBDL Fund VI Structured Note, L.P.