TPG Capital

TPG Capital is a West Coast powerhouse in private equity, managing $224 billion in assets and outperforming #8 Warburg Pincus by over 2.5x in AUM. Co-founded in San Francisco in 1992 by David Bonderman and James Coulter, its distinctive West Coast orientation contrasts with New York-centric peers like Bain Capital. TPG's 1993 rescue of Continental Airlines, acquiring it for $65 million from bankruptcy and eventually returning $900 million, cemented its reputation for distressed and complex deals. The firm went public in 2022 at a $9 billion valuation, and its portfolio includes major names like McAfee, Univision, and Airbnb, showcasing a consistent ability to execute high-stakes turnaround investments.