TPG Adds Former Goldman Sachs President as Co-CEO
Jon Winkelried had been serving as an advisor to the firm, which is majority owner of CAA.
TPG, the private investment firm that became majority owner of CAA last year, has brought on former Goldman Sachs president Jon Winkelried to serve as co-CEO, The Hollywood Reporter has learned.
Winkelried will start in early November out of the firm’s San Francisco office and share duties with current CEO Jim Coulter, who co-founded TPG with David Bonderman in 1992. Bonderman will remain as chairman of the company.
"As we operate in this increasingly complex environment, it is important to have strong leadership," Bonderman said in a statement. "The combination of Jim and Jon brings together complementary skill sets that will benefit our firm greatly. I look forward to working with them both to achieve future success at TPG."
Winkelried spent more than 27 years at Goldman Sachs, becoming partner in 1990 and eventually retiring as president and co-COO in 2009. He has been working with TPG as an advisor to its special situations and credit platform TPG Special Solutions, as well as remaining active in investing via his management of JW Capital Partners and serving as strategic advisor and partner at Thrive Capital.
"I have always admired TPG under Jim’s and David’s leadership and, as an advisor to TPG Special Situations Partners, have had the opportunity to grow closer to the firm," Winkelried said in a statement. "Building on the momentum, expanded platform and significant talent, I am excited about the opportunity to be part of TPG’s next era."
"Jon brings experience, insights and creativity to TPG as we continue our evolution as a firm," Coulter said in a statement. "During the past 23 years, TPG has built a worldwide asset platform, differentiated ourselves as an industry leader in products, industries and geographies and created new and dynamic opportunities for our investors. As we enter our next era of growth, Jon’s track record of building great investment businesses will be fundamental."