SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Altair Commercial Real Estate Lending Fund, LLC (Last) (First) (Middle) C/O FIRST REPUBLIC INVESTMENT MANAGEMENT, INC., 1888 CENTURY PARK EAST (Street) LOS ANGELES CA 90067-1702 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 07/19/2017	3. Issuer Name and Ticker or Trading Symbol TPG RE Finance Trust, Inc. [ TRTX ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common stock, par value $0.001 per share	10,027,145(1)	D(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* Altair Commercial Real Estate Lending Fund, LLC (Last) (First) (Middle) C/O FIRST REPUBLIC INVESTMENT MANAGEMENT, INC., 1888 CENTURY PARK EAST (Street) LOS ANGELES CA 90067-1702 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* FIRST REPUBLIC INVESTMENT MANAGEMENT, INC. (Last) (First) (Middle) 1888 CENTURY PARK EAST (Street) LOS ANGELES CA 90067-1702 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. These shares are directly held by Altair Commercial Real Estate Lending Fund, LLC ("Altair"). The amount of shares reported in Table I includes 1,907,999 shares common stock that Altair has the right to acquire pursuant to a stock dividend. On July 3, 2017, TPG RE Finance Trust, Inc. (the "Company") declared a stock dividend, payable on the closing date of the Company's initial public offering (the "IPO") to all holders of record of common stock on July 3, 2017, of 0.235 shares of common stock for each share of common stock outstanding. The payment of the stock dividend is contingent on the completion of the Company's IPO.

2. First Republic Investment Management, Inc. ("FRIM") is the manager of Altair. FRIM disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein.

	Altair Commercial Real Estate Lending Fund, LLC, By: /s/ Hezy Shalev, Authorized Signatory	07/19/2017
	First Republic Investment Management, Inc., By: /s/ Hezy Shalev, Authorized Signatory	07/19/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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