Founded in 2004 by Dinakar Singh, a former senior partner at Goldman Sachs, TPG-Axon Capital is headquartered in New York and has offices in Hong Kong and Tokyo. The firm primarily invests in startups that are 6-10 years old and operates in fields such as biotechnology and healthcare. It typically invests in rounds with 4-5 other participants and has been sponsored by funds like WT Investment Advisors and Sorenson Development. The firm has had a high level of activity in 2011 and 2012, with deals ranging from $50-100 million.