Who Is TPG, The Private Equity Firm Based In Fort Worth And San Francisco?

Arlington TX

09 May, 2022

7:32 PM

Description

By Bob Francis, Fort Worth Report May 9, 2022 TPG Inc. reports its first-quarter results on Tuesday, May 10, about three months after the Fort Worth- and San Francisco-based private equity firm went public. While the company has more than $113.6 billion in assets under management and has been around since 1992, it maintains a relatively low profile. Founded by Bass family alumni James Coulter and David Bonderman, the firm underwent its first major leadership shifts last year, including naming Jon Winkelried sole CEO, followed by Jack Weingart as CFO, both brought on as the firm moved closer to announcing its IPO. The firm's IPO saw it raise more than $1 billion, offering 33.9 million shares at $29.50. The company is now listed on the NASDAQ under the symbol TPG. In May 2021, TPG announced that Coulter became executive chairman of the firm and Winkelried, who has served as co-chief executive officer with Coulter, was named sole chief executive officer. Bonderman continues as chairman of TPG. To read the full article, click here. Fort Worth Report is a nonpartisan, nonprofit news organization that produces factual, in-depth journalism about city and county government, schools, healthcare, business, and arts and culture in Tarrant County. Always free to read; subscribe to newsletters, read coverage or support our newsroom at fortworthreport.org.