TPG $1.2 billion revolving credit facility and $300 million term loan facility

Davis Polk advised TPG in connection with entry into an amended and restated revolving credit facility for TPG Operating Group II, L.P., TPG Operating Group I, L.P., TPG Operating Group III, L.P. and TPG Holdings Sub II, L.P. resulting in an increase in the aggregate commitments thereunder to $1.2 billion and an extension of the maturity date thereunder, and an amendment and restatement of a $300 million term loan facility for TPG Operating Group II, L.P. resulting in an extension of the maturity date thereunder.

TPG is a leading global alternative asset management firm founded in San Francisco in 1992, with $137 billion of assets under management and investment and operational teams around the world. TPG invests across five multi-strategy platforms: capital, growth, impact, real estate and market solutions.

The Davis Polk sponsor finance team included partners Jack Orford and Meyer C. Dworkin and associates Yuko Sin, Zoe Chen, James Moore and Jeff Wu. The tax team included partner David H. Schnabel, counsel Aliza Slansky and associate Constance Zhang. Associate Caroline R. Zhang provided 1940 Act advice. Members of the Davis Polk team are based in the New York office.