Thoughts on TPG?
Feel like you don’t hear as much about TPG these days? What’s the latest take on them? Obviously a large brand name firm but curious to hear people’s thoughts
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GS of PE, great for schmucks who are soulessly blazing along the 2+2+2 pathway
The top consulting firms dread working with them. They have yelled at seniors in my BB IB. They ask for and expect work over the weekends. They rescind offers if you are affected by layoffs. Truly seems like the most toxic PE firm. The modeling test in recruiting is very hard. Are the best for healthcare PE.
They aren't that great for healthcare PE lol...a lot of firms with much better returns/investments
I’m fairness, they were the healthcare PE firm of the year in 2021 according to PEI. Not saying they’re head and shoulders above other MFs (CG/BX/KKR) but from what I’ve heard / read on here it seems like they’re well respected. Which other firms (of similar size) do you think have superior HC teams?
TPG HC is their best performing team (you can check the returns since they also have a separate vehicle for HC). In the MF world TPG, KKR and Bain have the best HC teams.
A close friend is there and likes it overall. Definitely grinds hard on live deals, but that’s true anywhere. Overall, they say culture is pretty good: they’re actually friends with some of the other Associates, likes the seniors, says they have smart VPs, has limited weekend work unless on something live/going to IC, and says there’s not a big face time culture. Gets “free” lunch, dinner, and Ubers to and from office. I’m at another MF with worse perks and comp, and I’m consistently in earlier and leaving later than they do even if nothing to do because our culture demands it. Can’t speak to consultant/banker interactions, but for an Associate seat, they seem pretty solid.
https://www.insightpartners.com/