TPG Growth has led a $150 million investment in Infinidat, an information storage company.

Infinidat, headquartered in Needham, Massachusetts, makes data storage products, including the InfiniBox.

The increase in data is adding to the cost, scale and operational complexity of many storage systems, and causing companies to make trade-offs between which data they store online, data protection and other factors, according to TPG Growth.

The investor is the growth and mid-market private equity investment arm of private equity giant TPG, which has $67 billion in assets under management. TPG Growth closed a new private equity fund with $3 billion in commitments on April 27.

TPG Growth's other investments include Beautycounter, a beauty e-commerce business, and Angie's Artisan Treats, which makes BoomChickaPop snacks.

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