# TPG RE Finance Trust Management, L.P.

> TPG RE Finance Trust Management, L.P. is an SEC-registered investment advisory firm in Fort Worth, TX, registered since 2017, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 288851
- Filed as: TPG RE FINANCE TRUST MANAGEMENT, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Fort Worth, TX
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/288851
- AdvisorCensus page: https://advisorcensus.com/firm/tpg-re-finance-trust-management-l-p-fort-worth-tx-288851

## Quick answers

**How is TPG RE Finance Trust Management, L.P. compensated?**
On its Form ADV (Item 5.E, October 2026), TPG RE Finance Trust Management, L.P. reports these compensation arrangements: fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is TPG RE Finance Trust Management, L.P. located?**
TPG RE Finance Trust Management, L.P.'s principal office is in Fort Worth, TX, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is TPG RE Finance Trust Management, L.P. registered with the SEC or a state?**
TPG RE Finance Trust Management, L.P. is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288851.

**How much does TPG RE Finance Trust Management, L.P. manage?**
TPG RE Finance Trust Management, L.P. reports $4,406,200,000 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary).

**How have TPG RE Finance Trust Management, L.P.'s assets and staff changed since 2021?**
In the Form ADV data for TPG RE Finance Trust Management, L.P.: Regulatory assets under management: $4,908,700,000 in the October 2021 data and $4,406,200,000 in the October 2026 data, down 10%. Total employees: 16 in October 2021 and 19 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does TPG RE Finance Trust Management, L.P. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Does TPG RE Finance Trust Management, L.P. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/288851

**What changed in TPG RE Finance Trust Management, L.P.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $3,731,400,000 to $4,406,200,000 (+18%). Employees performing advisory functions went from 18 to 19. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- Fixed fees (other than subscription fees)
- Other

### Regulatory assets under management (Item 5.F)
- Total: $4,406,200,000
- Discretionary: $4,406,200,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $4,406,200,000 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2017 (9 years)
- Employees: 19 total, 19 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY
- San Francisco, CA

### Websites listed on Form ADV (Item 1.I)
- [tpg.com](https://tpg.com)
- [tpgrefinance.com](https://tpgrefinance.com)
- [vimeo.com/user52190696](https://vimeo.com/user52190696)
- Facebook @TPGGLOBAL
- Instagram @TPGHOLDINGS
- Instagram @TPGINVESTMENTS
- Instagram @TPG_INCORPORATED
- YouTube @UCK6Tsh2Ql7ldOs8kmxTBvoQ
- X @TPG
- X @TPGGLOBAL
- X @TPGSOCIAL
- X @TPG_GLOBAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,908,700,000 | 16 | March 30, 2021 |
| October 2022 | $5,200,000,000 | 19 | June 28, 2022 |
| October 2023 | $5,545,100,000 | 19 | March 30, 2023 |
| October 2024 | $4,214,300,000 | 19 | September 27, 2024 |
| October 2025 | $3,731,400,000 | 18 | March 28, 2025 |
| October 2026 | $4,406,200,000 | 19 | March 27, 2026 |

Regulatory assets under management: $4,908,700,000 in the October 2021 data and $4,406,200,000 in the October 2026 data, down 10%.
Total employees: 16 in October 2021 and 19 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $3,731,400,000 to $4,406,200,000 (+18%).
- Employees performing advisory functions went from 18 to 19.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. TPG RE Finance Trust Management, L.P. (CRD 288851): Form ADV filing data as of October 2026.