TPG Appoints Veteran Executive as New Chief Operating Officer

Anilu Vazquez-Ubarri will lead TPG’s operational functions globally to enable the firm’s strategic business and investment priorities. Vazquez-Ubarri succeeds Ken Murphy, who will retire from the firm after a planned transition period.

Partner and board member Anilu Vazquez-Ubarri has been named chief operating officer of global alternative asset management firm TPG, which is based in Fort Worth and San Francisco.

“As we continue to grow our platform and expand our investment capabilities, it’s critical that our operating infrastructure aligns with our mandate and focus on continuous innovation. Anilu has been at the forefront of several milestones at the firm, including our IPO in 2022 and our recent acquisition of Angelo Gordon. She is a highly skilled and strategic operator whose leadership and counsel are valued at every level of our organization,” CEO Jon Winkelried said in a statement.

Vazquez-Ubarri will lead TPG’s operational functions globally to enable the firm’s strategic business and investment priorities. Vazquez-Ubarri succeeds Ken Murphy, who will retire from the firm after a planned transition period.

“Since joining the firm in 2015, Ken has been instrumental in developing our infrastructure and expanding our operating capabilities. Ken’s impact positioned TPG to become a public company and continues to enable our growth. We thank him for his leadership, partnership, and significant contributions over many years,” Winkelried added of outgoing COO Murphy.

The firm said Vazquez-Ubarri will continue to partner closely with Winkelried and the rest of the firm’s leadership team to develop and drive TPG’s growth strategy.

Since joining the firm in 2018, she has served as chief human resources officer and became a partner a year later. As CHRO, Vazquez-Ubarri led the development and implementation of a multi-year human resources strategy that the company said reflects the current and future state of the business, prioritizes talent development and management, and helped institutionalize TPG’s culture of inclusivity, transparency, and innovation.

The firm said the strategy was critical to executing TPG’s 2022 IPO and several other important firm growth initiatives.

Founding member of TPG NEXT to seed and stake diverse investment managers

Vazquez-Ubarri is a founding member of TPG NEXT, the firm’s strategy to seed and stake diverse investment managers, and she serves as a senior sponsor and investment committee member for TPG NEXT’s inaugural fund.

The firm said that Anna Edwin, TPG’s global head of talent, will become the global head of human resources and will report to Vazquez-Ubarri.

“I was drawn to TPG given its distinct culture, which is transparent, entrepreneurial, and founded on a shared passion for problem solving and commitment to investment excellence,” Vazquez-Ubarri said in a statement. “In my time at the firm, I have been proud to partner with excellent colleagues to drive innovation and growth, and I am thrilled to have the opportunity to broaden this work in my new role as COO.”

Before TPG, Vazquez-Ubarri spent more than a decade at Goldman Sachs, where she last served as its global head of talent and chief diversity officer.

Prior to Goldman Sachs, Vazquez-Ubarri was an associate at Shearman & Sterling LLP in the executive compensation & employee benefits group. She serves as a director on the boards of Upwork Inc. and Greenhouse Software and on the boards of nonprofit companies Teach for America-Bay Area, the Vera Institute of Justice, and Charter School Growth Fund.

TPG was founded in San Francisco in 1992 and has $139 billion of assets under management and investment and operational teams around the world. TPG invests across five multi-strategy platforms: Capital, Growth, Impact, Real Estate, and Market Solutions and driven by collaboration, innovation, and inclusion, the company said.

Earlier this summer, we told you about TPG’s move to acquire healthcare IT platform Nextech and their plans to sell Hollywood agency CAA to French fashion tycoon Francois-Henri Pinault for $7 billion.

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