TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, closed its fourth fund, TPG Growth IV. The fund reached $3.7 billion in capital commitments, achieving its hard cap on LP commitments in four months.

With this close, the TPG Growth platform now manages more than $13 billion in assets. Earlier this year, the Rise Fund — a global social impact fund co-founded by TPG Growth founder and managing partner Bill McGlashan, along with Bono and Jeff Skoll, and managed by TPG Growth — closed at $2.1 billion in commitments. The Rise Fund has made seven investments since its launch and is considered the largest private impact fund ever raised.

“We focus on key themes across different geographies and industries, utilizing a variety of financial structures, which enables us to be both disciplined and opportunistic,” McGlashan said. “The close of TPG Growth IV is a testament to the strength of our strategy, collaborative culture, globally integrated approach, and commitment to growth and innovation. We want to thank our limited partners for their strong support, and we look forward to generating fruitful new opportunities with the ongoing support of the broader TPG platform.”

TPG Growth partners with companies in a range of sectors and geographies, from consumer businesses in India such as Lenskart to global consumer brands such as Fender. Other current and past investments include Airbnb, Beautycounter, C3 IoT, e.l.f. Cosmetics, ipsy, Philz Coffee, Schiff Nutrition, Spotify, SuccessFactors, SurveyMonkey and Uber.