Office address: 345 California St #3300, San Francisco, CA 94104
Website: tpg.com
Year established: 1992
Company type: financial services
Employees: 1,900+ (global)
Expertise: alternative asset management, private equity, growth equity, impact investing, credit investing, real estate investing, infrastructure and market solutions, technology and software, healthcare
Parent company: N/A
Key people: Jon Winkelried (CEO), Jim Coulter (executive chair), Todd Sisitsky (president), Anilu Vazquez-Ubarri (COO), Jack Weingart (CFO), Jennifer Chu (general counsel), Joann Harris (chief compliance officer)
Financing status: shareholder&‑owned company
TPG is a San Francisco-based global alternative asset manager focused on private markets investing. As of 2025, it manages $286 billion in assets and employs over 1,900 people. The firm operates 30 offices worldwide, including 700 investment and operations specialists.
TPG’s roots began in 1992 when Jim Coulter and David Bonderman formed Texas Pacific Group in San Francisco. They applied what they learned managing investments at the Bass family office, a major Texas investment firm.
By 1997, the company raised over $2.5 billion for its second private equity fund. That year, it took retailer J.Crew private, which signaled its ambition in large consumer deals. Eventually, the firm was renamed TPG Capital.
The firm soon looked beyond early flagship deals. In 2007, it unified global branding by shortening its name simply to TPG.
Later acquisitions included Vertafore, an insurance software provider, and Novotech, Australia’s largest contract research organization. In 2023, acquiring Angelo Gordon expanded the firm’s credit reach and complementary real estate capabilities.
Recent years brought a focus on partnerships with leading registered investment advisors. In 2024, the company bought a strategic minority stake in Creative Planning, a top-ranked RIA. This investment aims to deepen TPG’s presence in the wealth management space.
The firm’s growth investing platform, TPG Growth, also invested in Atlanta-based RIA Homrich Berg to support continued organic and acquisition-driven expansion. These strategic partnerships highlight the company’s deeper push into the RIA space and private wealth market.
The firm offers private market strategies built on sector focus, scale, and flexible capital. These include:
TPG also offers sector research, operational support, and collaborative investment teams. Its global footprint, diversified platforms, and advisor partnerships help investors reach different private market objectives.
TPG states that a collaborative and open culture supports its growth and success. The company also says that its culture shapes how people work, make decisions, and invest. It adds that inclusion and diversity aim to support stronger teams and outcomes.
The firm ties its perspective to family office roots and entrepreneurial heritage. It says that innovation-led growth and comfort with disruption guide its alternative investments. The company notes a disciplined and organic build-out of platforms and products over more than 30 years.
To support TPG’s culture, the company offers staff key benefits and a work environment that focuses on curiosity and an entrepreneurial mindset. It also states that benefits are designed to support employees and families, which include:
TPG also aims to empower employees through six employee affinity groups for veterans, women, LGBTQ+ people, and other professionals to help build community. The company further notes that learning and engagement programs, volunteer work, donations, and advocacy support the communities where employees live and work.
Jon Winkelried is TPG’s CEO and a director, and he also sits on the board of Creative Planning. Before joining the firm, Winkelried spent more than 27 years at Goldman Sachs, where he served as president and co-COO. He holds a bachelor’s degree and an MBA from the University of Chicago.
Supporting Winkelried in leading TPG is a management team of key leaders who oversee strategy, operations, and governance across the firm:
The company describes this group as experienced executives supported by a deep bench of professionals. Its global footprint and networks help source transactions, raise capital, and drive value in investments.
The company expanded its TPG Rise Climate platform in 2024 when it hired Scott Lebovitz to lead infrastructure investing. This move supports a new strategy focused on infrastructure and real assets that enable global decarbonization and energy transition. By adding a veteran who oversaw $6.5 billion of infrastructure deals, it aims to deepen future climate-focused opportunities for clients.
The company also launched a sports investment offering targeting minority stakes in professional teams as sports investing expands in 2025 and beyond. This strategy gives the firm another non-traditional return source that can help diversify client portfolios. It also points to a longer-term push into sports and entertainment assets as valuations grow.
The two-way agreement, which has TPG overseeing an initially $12 billion mandate, makes Jackson the latest insurance player to tap external expertise in asset-based lending.
The CEO of Creative Planning, which boasts $640B in AUM, noted that large firms such as his can remain in the private markets, but some may run out of room for growth and IPOs may be the inevitable conclusion.
"RedBird's pedigree investing in sports and media has been thematically an important part of what we're building," Arax CEO Haig Ariyan told InvestmentNews.
The $25 billion RIA's new firmwide program will help attract and retain top talent with a long-term incentive for non-shareholder employees.
"It's the Golden Age, we're all blessed that this is where we are, what we do for a living, and that the sun is shining on the transition towards the RIA space," Creative Planning CIO Jamie Battmer said at a forum hosted by Goldman Sachs.
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