Alternative asset management firm TPG Inc. announced that Nehal Raj, Jeffrey Rhodes, and Josh Baumgarten have joined its board of directors. TPG is headquartered in Fort Worth and San Francisco.
Raj and Rhodes serve as co-managing partners of TPG Capital, the firm’s U.S. and European private equity business, and Baumgarten as co-managing partner of TPG Angelo Gordon, the firm’s diversified credit and real estate investing platform.
“On behalf of the board and leadership team, we are pleased to welcome Nehal, Jeff, and Josh to the TPG board,” TPG CEO Jon Winkelried said in a statement. “Nehal, Jeff, and Josh are some of our firm’s most accomplished leaders, each with a long track record of building and scaling businesses, managing and growing teams, and creating significant value for our limited partners and shareholders.”
TPG said that Raj and Rhodes have been with the firm for nearly 20 years and have been instrumental in building its market-leading sector franchises in software and enterprise technology, and healthcare, respectively.
They assumed the role of co-managing partners of TPG Capital in 2021 and have been strong contributors to fundraising and business-building at the firm.
Baumgarten brings more than 20 years of experience in credit investing, business-building, and firm management to the TPG board, the firm said. Prior to TPG’s acquisition of Angelo Gordon, he was co-CEO of the firm and led its credit business.
“Nehal, Jeff, and Josh are talented leaders who embody the best of TPG – our culture of investment excellence, focus on partnership, and commitment to innovation,” Jim Coulter, co-founder and executive chairman of TPG, said in a statement. “Their insights, judgment, and deep understanding of industry make them great additions to the board.”
Board expansion follows recent closing of Angelo Gordon acquisition
TPG said that the expanded board reflects the breadth of its platform following the recent closing of the Angelo Gordon acquisition, which today spans a broadly diversified set of investment strategies including private equity, impact, credit, real estate, and market solutions.
TPG has $212 billion of assets under management and investment and operational teams around the world. It invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and it said its unique strategy is driven by collaboration, innovation, and inclusion.
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