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    Home»Markets»TPG Names Winkelried Sole CEO With Coulter to Head Impact Funds
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    TPG Names Winkelried Sole CEO With Coulter to Head Impact Funds

    May 10, 20211 Min Read
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    Jon Winkelried, co-chief executive officer of TPG Capital, speaks during the Bloomberg Invest Summit in New York, U.S., on Wednesday, June 7, 2017. This invitation-only event brings together the most influential and innovative figures in investing for an in-depth exploration of the challenges and opportunities posed by the constantly changing financial, economic and regulatory landscape.
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    Private equity giant TPG said Jon Winkelried will become the sole chief executive officer as his counterpart, co-founder Jim Coulter, shifts focus to its fast-growing impact investing business.

    Winkelried, 61, will take on day-to-day operations. Coulter will become executive chairman and lead the firm’s climate initiatives. The centerpiece of that is TPG Rise Climate, a fund he’s raising with former U.S. Treasury Secretary Hank Paulson.

    The concentration under Winkelried elevates a former Goldman Sachs Group Inc. president who helped double TPG’s assets to $91 billion and move the firm into more than a dozen investment strategies during his tenure. It’s also recognition that specialized funds — whether focused on clean energy or backing women fund managers — are key to TPG’s future.

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    Source: Bloomberg

    By Jason Kelly

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