UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

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TPG RE FINANCE TRUST, INC.

(Name of Registrant as Specified in its Charter)

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Your Vote Counts! TPG RE FINANCE TRUST, INC. 2024 Annual Meeting Vote by May 13, 2024 11:59 PM ET TPG RE FINANCE TRUST, INC. C/O PROXY SERVICES P.O. BOX 9142 FARMINGDALE, NY 11735 V33271-P06901 You invested in TPG RE FINANCE TRUST, INC. and it’s time to vote! You have the right to vote on proposals being presented at the Annual Meeting. This is an important notice regarding the availability of proxy material for the stockholder meeting to be held on May 14, 2024. Get informed before you vote View the Notice and Proxy Statement and Annual Report on Form 10-K online OR you can receive a free paper or email copy of the material(s) by requesting prior to April 30, 2024. If you would like to request a copy of the material(s) for this and/or future stockholder meetings, you may (1) visit www.ProxyVote.com, (2) call 1-800-579-1639 or (3) send an email to sendmaterial@proxyvote.com. If sending an email, please include your control number (indicated below) in the subject line. Unless requested, you will not otherwise receive a paper or email copy. *To vote your shares during the virtual meeting, you will need the unique control number indicated above. For instructions on how to attend and participate in the virtual meeting, visit www.virtualshareholdermeeting.com/TRTX2024.

Vote at www.ProxyVote.com THIS IS NOT A VOTABLE BALLOT This is an overview of the proposals being presented at the upcoming stockholder meeting. Please follow the instructions on the reverse side to vote on these important matters. Board Voting Items Recommends 1. Election of Directors Nominees: 01) Avi Banyasz 05) Todd Schuster For 02) Doug Bouquard 06) Wendy Silverstein 03) Julie Hong 07) Bradley Smith 04) Michael Gillmore 08) Gregory White 2. Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. For 3. Advisory Vote on Executive Compensation: To approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers. For 4. Advisory Vote on Frequency of Future Advisory Votes on Executive Compensation: Approve, on a non-binding, advisory basis, the frequency of future non-binding, advisory votes on the compensation of the Company’s named executive officers. Every Year V33272-P06901