Latest Posts

Private equity firm TPG names long-time exec Todd Sisitsky as president

imageStock Markets44 minutes ago (Sep 23, 2021 01:10PM ET)

(C) Reuters.

(Reuters) – Private equity firm TPG, which is reportedly heading towards a public listing, said on Thursday it had appointed long-time company executive Todd Sisitsky as president, effective immediately.

Sisitsky, who joined TPG in 2003, will continue to play an active role in the firm’s healthcare investments, the company said. He was named managing partner of TPG Capital in 2015 and has helped the firm ramp up its bets on companies in the healthcare sector, deploying $21 billion across more than 25 companies.

TPG also promoted partners Nehal Raj and Jeff Rhodes, who focus on the company’s investments in the software and healthcare segments, to co-managing partners of TPG Capital.

David Trujillo, another partner at the firm, was named co-managing partner for TPG’s growth investment arm, the company said.

Trujillo has led TPG’s investments in some of the biggest names in the internet and digital media space, including Airbnb Inc, Spotify Technology SA (NYSE:SPOT) and Uber Technologies (NYSE:UBER) Inc, the company said.

The slew of management changes comes as TPG is weighing a public listing through an initial public offering or a blank-check merger. The firm could be valued at nearly $10 billion, according to the Wall Street Journal https://www.reuters.com/article/us-tpg-ipo-idUSKCN2E62P5.

In May, the company announced co-Chief Executive Officer Jon Winkelried would become the sole CEO. Jim Coulter, who co-led the buyout firm, was named executive chairman.

Private equity firm TPG names long-time exec Todd Sisitsky as president

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest Posts

Don't Miss