Mr. Winkelried will assume his new role in early November and will be based in TPG’s San Francisco office. He will work alongside TPG Co-Founder and current Chief Executive Officer Jim Coulter. David Bonderman, who co-founded TPG with Mr. Coulter, will continue in his role as Co-Founder and Chairman of TPG.
Mr. Winkelried – who has been characterized in the press as “the man who walked away from Goldman Sachs” – spent 27 years at the firm and in addition to being President and Co-Chief Operating Officer, he held many other senior positions including co-head of the firm’s investment banking division, co-head of its fixed income, currency and commodities division, and head of the firm’s leveraged finance business.
Mr. Winkelried currently manages JW Capital Partners (his investment firm) which is active in the technology, real estate, healthcare, and natural resources sectors. He is also a strategic advisor and partner at Thrive Capital, a New York-based venture capital firm. In addition to his investing activities, Mr. Winkelried is also an advisor to TPG’s special situations and credit platform which is named – appropriately – TPG Special Situations.
“I have always admired TPG under Jim’s and David’s leadership and, as an advisor to TPG Special Situations, have had the opportunity to grow closer to the firm,” said Mr. Winkelried. “Building on the momentum, expanded platform, and significant talent, I am excited about the opportunity to be part of TPG’s next era.”
John Coulter had this to say on the addition of Mr. Winkelried, “Jon brings experience, insights and creativity to TPG as we continue our evolution as a firm. During the past 23 years, TPG has built a worldwide alternative asset platform, differentiated ourselves as an industry leader in products, industries and geographies, and created new and dynamic opportunities for our investors. As we enter our next era of growth, Jon’s track record of building great investment businesses will be fundamental.”
TPG was founded in 1992 and makes investments throughout North America, Europe, Asia and Australia. Sectors of interest include industrials, retail, consumer, financial services, travel and entertainment, technology, media and communications, and healthcare. The firm has offices in San Francisco, Fort Worth, Austin, Dallas, Houston, New York, Beijing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, São Paulo, Shanghai, Singapore and Tokyo (www.tpg.com).
“As we operate in an increasingly complex financial environment, it is important to have strong leadership,” said Mr. Bonderman. “The combination of Jim and Jon brings together complementary skill sets that will benefit our firm greatly. I look forward to working with them both to achieve future success at TPG.”
Mr. Winkelried received a BA in Economics from the University of Chicago in 1981 and an MBA from the Graduate School of Business at the University of Chicago in 1982.
© 2015 PEPD • Private Equity’s Leading News Magazine • 10-29-15