United States securities and exchange commission logo





                            January 3, 2022

       Jon Winkelried
       Chief Executive Officer
       TPG Partners, LLC
       301 Commerce Street, Suite 3300
       Fort Worth, TX 76102

                                                        Re: TPG Partners, LLC
                                                            Registration
Statement on Form S-1 and
                                                            Amendment No. 1 to
Registration Statement on Form S-1
                                                            Filed on December
16 and December 23, 2021
                                                            File No. 333-261681

       Dear Mr. Winkelried:

             We have reviewed your amended registration statement and have the
following
       comments. In some of our comments, we may ask you to provide us with
information so we
       may better understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Registration Statement on Form S-1 filed on December 16, 2021

       Prospectus Summary, page 1

   1.                                                   Please refer to the IRR
chart on page 3. Please include definitions of IRR, Gross IRR and
                                                        Net IRR to accompany
this chart. In a footnote to the chart, please also disclose that
                                                        Gross MoM and Investor
Net MoM are also discussed under "Management's Discussion
                                                        and Analysis of of
Financial Results of Operation - Operating Metrics - Fund Performance
                                                        Metrics."
       Management's Discussion and Analysis of Financial Condition and Results
of Operations
       Fund Performance Metrics, page 183

   2.                                                   We note the table
reflecting the performance of your funds includes Gross MoM, but does
 Jon Winkelried
TPG Partners, LLC
January 3, 2022
Page 2
         not include Investor Net MoM. Footnote 9 to the table discusses
Investor Net MoM but
         does not appear to correspond with a value in the chart. We further
note the disclosure in
         footnote 7 to the chart that Gross IRR and Gross MoM are calculated
adjusting Net IRR
         and Investor Net MoM. Please provide the Investor Net MoM calculation
in the table or
         in the footnote to the table, or advise.
       You may contact John Spitz at 202-551-3484 or Ben Phippen at
202-551-3697 if you
have questions regarding comments on the financial statements and related
matters. Please
contact Susan Block at 202-551-3210 with any other questions.



FirstName LastNameJon Winkelried                              Sincerely,
Comapany NameTPG Partners, LLC
                                                              Division of
Corporation Finance
January 3, 2022 Page 2                                        Office of Finance
FirstName LastName