SCHEDULE 13G: TPG Entities Disclose 6.7% Beneficial Ownership in ServiceTitan, Inc.
Beneficial Ownership Disclosure
TPG GP A, LLC, along with James G. Coulter and Jon Winkelried, have jointly filed a Schedule 13G disclosing a 6.7% beneficial ownership stake in ServiceTitan, Inc.'s Class A Common Stock as of December 31, 2024.
Summary
- TPG GP A, LLC, James G. Coulter, and Jon Winkelried (collectively, the "Reporting Persons") have filed a Schedule 13G.
- The filing discloses beneficial ownership of 5,107,469 shares of ServiceTitan, Inc.'s Class A Common Stock.
- This ownership represents 6.7% of the total Class A Common Stock outstanding.
- The percentage is based on 76,537,855 shares of Class A Common Stock outstanding as of December 31, 2024, as reported in ServiceTitan, Inc.'s Quarterly Report on Form 10-Q filed on January 14, 2025.
- The shares are directly held by TPG Tech Adjacencies II Sherpa, L.P. ("TPG Sherpa").
- TPG GP A, LLC is deemed to beneficially own the shares due to its relationship with TPG Sherpa.
- Messrs. Coulter and Winkelried are deemed to beneficially own the shares as they control TPG GP A, LLC, but they disclaim beneficial ownership except to the extent of their pecuniary interest.
- The filing was made under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or prospects. It simply reports a significant stake.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a significant ownership stake by an investment firm in a publicly traded company. It does not provide information on broader industry trends or competitive landscape, but rather focuses on the ownership structure of ServiceTitan, Inc. by TPG-related entities.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership and potential influence by TPG entities, which could be viewed positively as a vote of confidence or as a concentration of control.
Key Dates
| Date | Description |
|---|---|
| 2024-01-10 | Date of authorization and designation letter for Gerald Neugebauer to sign on behalf of Mr. Coulter and Mr. Winkelried. |
| 2024-02-07 | Date of Form 4 filing by Mr. Coulter and Mr. Winkelried where the authorization and designation letter was previously filed. |
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 2025-01-14 | Date ServiceTitan, Inc. filed its Quarterly Report on Form 10-Q, reporting 76,537,855 shares of Class A Common Stock outstanding. |
| 2025-02-13 | Date of filing of this Schedule 13G. |
Keywords
ServiceTitan, TPG, Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Institutional Ownership, Investment Firm, Software Company
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