The fund will focus on helping middle market software companies.
The transaction is expected to close in the fourth quarter.
The new hires include a venture partner and a principal.
She will focus on sourcing, diligence and leadership of a new platform.
They will continue to manage their existing strategies for Franklin Templeton.
The fund will invest in high-growth technology companies globally.
Plan has named its new executive director to the position on an interim basis after the most recent interim cio submitted his resignation.
He will focus on the firm’s investment activities and work closely with CEO Jon Winkelried and the executive leadership team to develop and execute TPG’s growth strategy.
Managing Director and Fixed-Income CIO Lorenzo Newsome has departed Smith, Graham & Co. Investment Advisors.
Plan exceeded its $650 million initial funding target.