AB Private Credit Investors (AB-PCI) served as Joint Lead Arranger and Administrative Agent for senior secured facilities backing TPG Growth’s acquisition of Greenhouse (the “Company”). AB-PCI’s extensive experience providing debt capital to high-growth software businesses allowed it to quickly deliver a flexible and fully committed financing solution.
Greenhouse, a leading provider of hiring software, is based in New York, NY, and serves over 4,000 customers.
The Company’s software and structured hiring approach helps companies realize the benefits of improved diversity, equity and inclusion in their hiring practices.
TPG Growth is the middle-market and growth-equity investment platform of TPG, the global alternative asset firm. With approximately $15.4 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources and global experience to drive value creation and help companies reach their full potential.
The Rise Fund is the world’s largest global impact platform committed to achieving measurable, positive social and environmental outcomes alongside competitive financial returns. With more than $5 billion in assets under management across its platform, The Rise Fund works with growth-stage, high-potential, mission-driven companies that have the power to change the world. Headquartered in San Francisco, The Rise Fund was founded in 2016 to deliver deep expertise in business solutions to help achieve the United Nations’ Sustainable Development Goals. As part of TPG, The Rise Fund offers investment resources, business-building skills, rigorous measurement and a global network to help portfolio companies accelerate growth and impact. With the ability to invest across a wide variety of sectors and countries at scale, The Rise Fund focuses on opportunities in education, energy, food and agriculture, financial technology, healthcare and technology.