TPG shares rose nearly 12 percent in their stock market debut on Thursday, valuing the 30-year-old private equity giant at more than $10 billion, after the company went public to cash in on a pandemic-driven boost to the buyout industry’s profits. TPG will be looking at expanding its franchise into other areas such as credit…
Private Equity Firm TPG Valued at Over $10 Billion in Strong Market Debut
Former TPG Capital Exec Gets 3 Months in Prison Over US College Scam
BOSTON—A former senior executive at private equity firm TPG Capital was sentenced on Wednesday to three months in prison for participating in a vast U.S. college admissions fraud scheme by paying $50,000 to rig his son’s college entrance exam results. Prosecutors said Bill McGlashan, the former managing partner of TPG Growth and co-founder of The…
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