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  • Writer's pictureMatt Ting

Why TPG for Private Equity? / Overview of TPG

If you're interested in breaking into finance, check out our Private Equity Course and Investment Banking Course, which help thousands of candidates land top jobs every year.


TPG is one of the world's leading private equity firms and asset managers. TPG has an AUM of $221.6B 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 its 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.

In late 2023, TPG acquired Angelo Gordon, a leading global alternative asset manager allowing TPG to continue to expand their global footprint and create highly compelling investment opportunities.

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: 1,100

  • Assets Under Management: $221.6B

  • Flagship Private Equity Fund Size: TPG Partners IX ($12B raised in 2022)

  • Chief Executive Officer: Jon Winkelreid

  • Headquarters: San Francisco, USA


TPG Glassdoor

Based on the H1B Database, the average base salary for an Associate at TPG is $110k - $140k. We recognize this data may be outdated, and therefore not representative of current compensation.


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