Why TPG for Private Equity? / Overview of TPG
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.
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.
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
Company Name: TPG
Description: TPG, formerly known as Texas Pacific Group, is a leading global alternative asset manager
Firm Category: Private Equity / Asset Manager
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
Based on the H1B Database, the average base salary for an Associate at TPG is $110k - $125k.