Former Goldman Executive Jon Winkelried Joins TPG as Co-CEO

Oct 28 2015 | 6:49pm ET

Global alternative investment manager giant TPG Capital has hired former Goldman Sachs executive Jon Winkelried as its co-CEO.

Winkelried takes the reins in tandem with TPG co-founder Jim Coulter. He retired as co-president and co-COO of Goldman Sachs in 2009 after starting in the company’s investment banking department in 1982.

Rare among global financial firms, TPG has long preferred a two-person leadership structure. Co-founder David Bonderman became chairman of the company in last year, which left Coulter in the CEO slot alone. The management shift has supported speculation that TPG would follow in the footsteps of other large money managers such as Blackstone and Carlyle in going public. 

Since leaving Goldman, Winkelried has kept a fairly low profile. He advised a TPG credit fund run by Alex Waxman, a former Goldman colleague, and became a strategic advisor to a small venture capital firm in 2013. As part of his new role, Winkelried will move to San Francisco.

TPG was founded as Texas Pacific Group in 1992 by Coulter, Bonderman and William Price. Since then, the company has expanded to manage $74 billion deployed across alternative assets such as private equity, credit, real estate and hedge fund strategies. 

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