TPG Growth has wrapped up its latest growth equity fund with $3.7bn in commitments, making it the largest fund the unit has raised to date, FN's sister publication Private Equity News reports.

TPG Growth IV LP came in ahead of the roughly $3bn the mid-market and growth equity arm raised for a predecessor offering in 2015. It also brings the total assets TPG Growth manages to $13bn. Also this year, it raised $2.1bn for its Rise Fund, which targets social impact investments throughout the globe.