April 21, 2025

VIA E-mail

Richard Horowitz, Esq.
Dechert LLP
Three Bryant Park
1095 Avenue of the Americas
New York, NY 10036-6797

          Re: TPG Private Markets Fund
              File Nos. 333-285869, 811-24064

Dear Mr. Horowitz:

          On March 18, 2025, you filed a registration statement on Form N-2 on
behalf of the
TPG Private Markets Fund (the    Fund   ). We have reviewed the registration
statement and have
provided our comments below. Where a comment is made with regard to disclosure
in one
location, it is applicable to all similar disclosure appearing elsewhere in the
registration
statement. All capitalized terms not otherwise defined herein have the meaning
given to them in
the registration statement.

                                         PROSPECTUS

General

1. Please fill in all blanks, brackets, and otherwise missing information in a
pre-effective
   amendment (e.g., fee table, auditor, financial statements, etc.). We may
have further
   comments.

2. Please explain why it is appropriate to include TPG in the Fund   s name,
including how the
   use of TPG in the Fund   s name is not misleading under section 35(d) of the
Investment
   Company Act since TPG is not a sponsor, promoter, adviser, or affiliate of
the Fund, has not
   guaranteed it can provide investment opportunities for the Fund, and the
Adviser may deviate
   from its stated investment policy as it relates to TPG    from time to time.
   Please also
   provide us with a copy of the licensing agreement for the Fund   s use of
TPG   s name.

3. Please provide or describe any additional written or oral agreement (and any
other
   arrangement) between the Fund or the Adviser (or any of its affiliates) and
TPG (or any of its
   affiliates) related to the Fund.
 4. Please describe all services, roles, and functions that TPG (or any of its
affiliates) will
   perform, or have, with respect to the Fund. Has the Fund engaged with any
managers other
   than TPG? If so, please describe the arrangement alongside documentation
related thereto.

5. Please describe any communication between TPG, the Adviser, or any of their
affiliates
   regarding the launch of the Fund. Among others, we are interested in the
topic of the
   communications, who initiated them, and when. Also, is TPG (or any of its
affiliates) bearing
   any of the expenses related to the launch of the Fund?

6. With respect to the Direct Access Investments, please describe the process
for TPG sharing
   the investment opportunities with the Adviser. In particular:

   a. What type of information will TPG or its affiliates share? Will TPG or
its affiliates
      provide any view to the Adviser, the Fund, or affiliates regarding the
investment
      opportunities or otherwise discuss the opportunities with them?
Alternatively, will they
      only provide a list of the opportunities and their terms?

   b. Who will negotiate the terms under which the Fund will participate in
these investment
      opportunities? Will the Fund receive the same terms as TPG, or its
affiliated persons and
      TPG   s clients, to the extent they also participate in the
opportunities?

   c. Does TPG perform a similar role for other investment vehicles with which
it does not
      have an advisory or sub-advisory relationship?

7. Will any personnel of TPG or its affiliates serve in any capacity for the
Adviser, the Fund, or
   their affiliates?

Outside Front Cover

8. Given a    best efforts    offering, please revise the    total    column in
the offering table and
   footnote 2 to reflect minimum and maximum offering amounts, termination
date, and note
   that funds are held in escrow.

9. Please revise the statements indicating the Fund reserves the right to waive
investment
   minimums to clarify that other investment criteria will still apply.

10. At the end of the fourth risk bullet point, please add a statement to the
following effect:
       Thus, an investment in the Fund may not be suitable for investors who
may need the money
    they invest in a specified timeframe.

11. Please supplementally confirm the exemptive relief upon which the Fund
intends to rely.

Prospectus Summary

Investment Program, page 1

12. Please revise to clarify if you intend to refer to    net    or    total
assets for purposes of your
    80% test. If net, since the Fund may borrow, please include    plus any
borrowings for
    investment purposes    when referring to    net assets.
 13. Please add disclosure to the third paragraph to clarify how the Fund would
provide notice to
    shareholders in advance of changing the investment strategy as described.

14. Please revise the fourth paragraph to explain what    buyout    investments
are.

15. Please disclose the basis for the Adviser   s belief that accredited
investors    have not
    previously had access to Investment Interests managed by top-tier private
equity firms such
    as TPG.    See also Investment Interests disclosure on page 4.

16. The Fund describes risks related to investing in emerging markets. If
emerging markets
    investments are a principal investments strategy, please add such
disclosure to the fifth
    paragraph this section and provide the fund   s definition of emerging
market countries.

17. Please revise the last sentence of the fifth paragraph to explain what you
mean by
       primaries,    and revise to disclose how Direct Access Investments
achieve a    broader
    investment exposure and more efficient capital deployment    than would be
provided by
    investing in primaries.

Investment Program, page 2

18. You state that the fund will invest in direct access investments. Please
revise to explain how
    these investments will be structured (e.g. investments in private funds,
equity of private
    companies, special purpose vehicles that provide exposure to private
companies, etc.). We
    may have further comment.

19. Please revise disclosure to explain what    comparatively large minimum
denominations    is
    compared to.

Investment Strategies, page 3

20. If TPG is under no obligation to allocate any investment opportunity to the
Fund, how is it
    that the Fund    intends to allocate approximately 80% of the value of its
Investment Interests
    to TPG?

Investment Strategies, page 4

21. The Fund states that the due diligence process for Direct Access
Investments is led by at least
    one portfolio manager who is supported by a deal team. Please disclose
whether the portfolio
    manager and deal team are employed by the Adviser or the Investment
Manager.

22. In the second paragraph, please state    approximately 80% of the value of
its Investment
    Interests    instead of    substantially all    for consistency with
earlier disclosure.

23. The Fund explains that the Adviser seeks to monitor performance of the
Investment Interests
    and underlying investments, including unaudited reports. Please disclose
whether the
    Adviser limits investments to Investment Interests that agree to provide
information
    described.

24. Please disclose the meaning of    more liquid securities.
 Risk Management, Risk Factors, page 5

25. The Funds states,    Generally, the Adviser will seek to allocate no more
than 25% of the
    Fund   s assets, measured at the time of investment in any one Investment
Interest.    Please
    revise to clarify whether this is net or total assets.

26. Bullets 10 and 12 appear the same as they relate to legal and regulatory
changes applicable to
    private equity funds. Please revise to distinguish or eliminate duplicative
disclosure.

The Offering, page 8

27. Please disclose whether investors may withdraw funds if monthly closings
are suspended.

The Adviser, page 9

28. Please briefly describe the Adviser   s experience managing pooled vehicles
investing in
    similar assets and strategies. Please also provide a basis to assess the
expertise and
    experience of the Adviser with respect to foreign investments. See Guide 9
to Form N-2.

Eligible Investors, Investor Suitability, page 11

29. The Fund states,    The Adviser may from time to time impose stricter or
less stringent
    eligibility requirements.    Insofar as the Fund determines to reduce
eligibility requirements,
    please represent that the reduction will be in a filing reviewable by the
staff.

30. The Fund encourages shareholders who require minimum annual distributions
from a
    retirement account to consider the Fund   s schedule for repurchase offers
and submit
    repurchase requests accordingly. Please explain how this is consistent with
disclosure
    elsewhere describing the limited liquidity of the shares and stating the
Fund has no obligation
    to repurchase shares at any time and is not a suitable investment for any
investor who
    requires regular dividend income.

Valuation, page 11

31. Please revise to clarify how the Fund will comply with Rules 2a-4 and 2a-5
under the 1940
    Act regarding valuation of Investment Interests. Specifically, clarify
that:

           a. Such securities will be valued at fair value as determined in
good faith by the
              Board of the registered company. See Rule 2a-4 under the 1940
Act.; and

           b. The Board, or its designee, will determine fair value in good
faith by carrying out
              the functions specified in Rule 2a-5 under the 1940 Act.

Repurchases of Shares by the Fund, page 12

32. Please add disclosure that specifies the anticipated timing of the Fund   s
initial repurchase
    offer.
 33. Please delete language indicating the Fund may repurchase if    in the
best interest of the
    Fund    and replace with language stating that involuntary redemptions will
be conducted
    consistent with Rule 23c-2. See also Repurchase of Shares, page 39.

Summary of Fees and Expenses, page 13

34. Please include carried interest or similar profit-based allocations within
the AFFE calculation
    and provide disclosure contemplated by Instruction 10.g to Item 3.1 or
explain why you
    believe this is not required. See also Instruction 10.b to Item 3.1 of Form
N-2.

35. The Fund states,    Investment Interests in which the Fund has invested
generally charge
    annual management fees . . . and carried interest that are at or below the
comparable
    percentage levels associated with most primary investments and secondary
investments.
    Please revise    has invested    to reflect that such investments have not
yet been made. In
    addition, please revise the sentence for clarity as it is difficult to
understand comparing
    management fees for    most    primary and secondary investments and what
is and is not
    included therein.

36. Please revise footnote 4 to explain what you mean by the    investment
period.

Investment Program, page 16

37. Please disclose whether the Fund may invest a substantial portion of its
assets in credit
    instruments that are rated below investment grade by rating agencies or
that would be rated
    as such if they were rated.

38. The Fund includes two separate 80% policies, one tied to private equity
Investment Interests
    of any type and another tied to Direct Access Investments, defined to
include buyout and
    growth equity investments through or alongside private equity funds
sponsored or managed
    by TPG. Please clarify or revise to ensure consistency.

39. If the Fund will invest with any funds or managers that are affiliates of
the Fund or its
    Adviser, please disclose any related conflicts of interest.

Investment Strategies, page 19

40. Disclose the type of information (and frequency) TPG customarily provides
to co-investors.

Risks Related to Investment Interests, pages 24-26

41. Referring to the co-investments paragraph, please revise to remove the
statement indicating
    the Fund    generally relies on the Investment Managers offering such
co-investment
    opportunity to perform most of the due diligence on the relevant portfolio
company and to
    negotiate terms of the co-investment.    Please explain how the Adviser
meets its fiduciary
    obligations if it generally does not perform these activities.

42. The Valuation of the Fund   s Investment Interests discussion may give the
impression that the
    value of the Fund   s investments in the Investment Interests is determined
by the Investment
    Interests themselves. Please revise to ensure disclosure clearly conveys
the role of the Board
    in valuing the Fund   s investments in the Investment Interests.
 43. Please move the Dilution and Non-Diversified Status sections as these
risks relate to the
    Fund rather than the Investment Interests.

Other Risks, page 27

44. Please revise the last bullet of Possible Exclusion of a Shareholder Based
on Certain
    Detrimental Effects section to remove reference to the Fund repurchasing
shares when it
       would be in the best interest of the Fund    and revise to ensure the
discussion is consistent
    with Rule 23c-2.

Management Team, page 31

45. Please disclose when Mr. Vernois founded iCapital and ensure his length of
service with the
    Adviser is clear. See Item 9.1.c of Form N-2.

Calculation of Net Asset Value, page 34

46. Please revise to ensure that NAV is calculated within 20 business days
after the sale date.

47. Please expand your disclosure to explain how valuation determinations for
the Adviser for
    other clients may result in different values for the same security.

Repurchases of Shares, page 40

48. Rule 14e-8 under the Exchange Act prohibits announcements of tender offers
without the
    intention to commence such offers within a reasonable time. Please revise
the registration
    statement to limit the discussion of tender offers to general information
like how tender
    offers will be funded, any general frequency (i.e., quarterly,
semi-annually, annually, etc.),
    the effect that share repurchases and related financings might have on
expense ratios and
    portfolio turnover, the ability of the fund to achieve its investment
objectives, and potential
    tax consequences to investors. We believe that specific procedures that the
Fund currently
    intends to follow at the time it makes a tender offer, such as how the
price to be paid for
    tendered shares will be determined, how long the offer will remain open,
and when payment
    will be made are more appropriate to disclose in the tender offer documents
sent to investors
    when an offer is made. See also Distributions In-Kind, p. 29.
49. Please explain where the Declaration of Trust provides for repurchase or
redemption of
    shares without shareholder consent.

Plan of Distribution, page 50

50. The Fund   s shares are offered on a best efforts basis,    subject to
various conditions.    Please
    confirm all material conditions are disclosed.

Anti-Takeover and Certain Provisions in the Agreement and Declaration of Trust
and By-
laws, page 52

51. Please revise to describe the provisions of your organizational documents
that have the
    effects described in this section. See Item 10.1.f of Form N-2.
 Outside Back Cover

52. Please include the information required by Rule 481(e) on the outside back
cover page of the
    prospectus. See Item 2.3 of Form N-2.

                     STATEMENT OF ADDITIONAL INFORMATION

Fundamental Policies, page 1

53. Please revise paragraph 2 to reconcile with your disclosure on page 7
indicating the Fund
    may concentrate in a single industry. To the extent the Fund will
concentrate, as permitted
    by the 1940 Act, please expand to explain what the 1940 Act permits.

54. The Fund states it will not engage in various activities except to the
extent permitted or
    consistent with the 1940 Act. Please tell us where you describe what is
permitted by the
    1940 Act or revise to explain.

Other Accounts Managed by the Portfolio Managers, page 12

55. Please revise to include the information required by Item 21.1.b regarding
the other accounts
    managed by the portfolio managers.

Conflicts of Interest, page 15

56. Please revise the description of conflicts of interest to describe material
conflicts between the
    investment strategy of the Fund and the investment strategy of other
accounts managed by
    the Portfolio Managers. See Item 21.1.d. of Form N-2.

                                                PART C

Item 25. Financial Statements and Exhibits

57. Please file the finalized exhibits once they are available.

                                               Closing

       A response to this letter should be in the form of a pre-effective
amendment filed
pursuant to Rule 472 under the Securities Act. The pre-effective amendment
should be
accompanied by a supplemental letter that includes your responses to each of
these comments.
Where no change will be made in the filing in response to a comment, please
indicate this fact in
your supplemental letter, and briefly state the basis for your position.
         We remind you that the Fund and its management are responsible for the
accuracy and
adequacy of their disclosures, notwithstanding any review, comments, action, or
absence of
action by the staff.

         Should you have any questions regarding this letter, please contact me
at (202) 551-
3215.

                                                    Sincerely,
                                                    /s/ Kim McManus
                                                    Senior Counsel

cc:     Ryan R. Sutcliffe, Branch Chief
        Christian Sandoe, Assistant Director