TPG announces offering of 21M shares of Class A common stock for holders

TPG (TPG) Inc. announced that DB Holdings I, a vehicle controlled by, and for the benefit of, the estate of David Bonderman, intends to offer 21M shares of TPG’s Class A common stock, pursuant to a shelf registration statement filed with the SEC. The offering consists entirely of secondary shares to be sold by the Bonderman Estate. The Bonderman Estate will receive all of the proceeds from the offering and intends to use them to satisfy certain estate obligations. The company is not selling any shares of common stock in the offering and will not receive any proceeds from the offering. J.P. Morgan is acting as the underwriter for the offering.