Bloomberg News reports that Winkelried, 56, will be co-CEO alongside Jim Coulter and focus on diversifying TPG’s lines of business, the two executives said in a telephone interview Wednesday. David Bonderman, who founded TPG with Coulter in 1992, became chairman last year.
'Jon brings a very important set of skills to TPG', Coulter said in the interview. 'As the industry has matured it has taken on a dual mission: we have to invest with extraordinary returns but also operate ourselves with a high level of managerial talent'.
The hire allows TPG, which has its main offices in San Francisco and Fort Worth, Texas, to keep a co-CEO structure after Bonderman, 72, took on the chairman role.