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  • Matt Ting

Why TPG for Private Equity? / Overview of TPG


Overview


TPG is one of the world's leading private equity firms and asset managers. TPG has an AUM of $127B and has several investment platforms: TPG Capital (large-cap private equity), Growth, Impact, Real Estate, and Market Solutions.


TPG has a very established presence in the west coast U.S., with their headquarters based in San Francisco. TPG was one of the first private equity firms to expand into growth equity and impact investing and is one of the leading investors in those categories.


In 2022, TPG raised $7.3B for its Rise Climate fund focused on climate investments as part of the firm's Impact strategy.


TPG Overview


Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with TPG, you should make sure you know:


  • 1 deal that the investment team you are recruiting with has done

  • 1 person at the firm (ideally someone who would have influence over your recruiting process)

  • 1 business model-specific detail to mention


We explain how to answer qualitative questions and research private equity firms in our Private Equity Course. We also teach how to build LBO models and prepare for case study interviews.



Big 3 Qualitative Questions




Selected Transaction


TPG partnered with PE firm Clayton, Dubilier & Rice to acquire their remaining stake in Covetrus, an animal health technology and services firm.

  • Transaction Description: TPG Capital Partners VIII, L.P. and TPG Healthcare Partners, L.P., managed by TPG Capital, L.P., TPG Global, LLC and Clayton, Dubilier & Rice Fund XI, L.P., managed by Clayton, Dubilier & Rice, LLC made a non-binding proposal to acquire remaining 75.85% stake in Covetrus, Inc. (NASDAQ:CVET) from a group of shareholders.

  • Transaction Value: US$4B enterprise value

  • Transaction Date: Announced May 2022

  • Press Release


Fact Sheet


TPG Logo


  • Company Name: TPG

  • Description: TPG, formerly known as Texas Pacific Group, is a leading global alternative asset manager

  • Firm Category: Private Equity / Asset Manager

  • Ticker: NASDAQ:TPG

  • Founded: 1992

  • Employees: 1,000

  • Assets Under Management: $127B

  • Flagship Private Equity Fund Size: TPG Partners VIII ($14.2B raised in 2019)

  • Chief Executive Officer: Jon Winkelreid

  • Headquarters: San Fransisco, USA


Resources


TPG Glassdoor



TPG Salary


Based on the H1B Database, the average base salary for an Associate at TPG is $110k - $125k.