Intel on TPG Capital
I'm in the process of gathering information ahead of on-cycle recruiting this fall. As my tag suggests I'm joining a top BB this summer as a full time.
What I've heard so far:
TPG is obviously a megafund but there is surprisingly little info about it on this forum. I hear the pay is above market both in terms of 1st year all-in cash comp being 300K.
Open questions:
1) Are people recruited into a group or is it just generalist?
2) What is the culture like? Has anyone had any experiences with these guys they'd be willing to share?
3) Do they promote without b-school? Do they offer b-school sponsorship?
4) Anything else I should be thinking about?
5) Is comp information right?
Wondering as well.
Relax pal lol. Instead of worrying about on-cycle this fall why don't you enjoy your last semester of college
Given how early everything is nowadays, I don't think it's too crazy
I know the firm well but will speak to the TPG Capital buyout team (vs. growth or other funds). Overall it is obviously one of the best known funds and it has groups that are incredible.
Do you currently work at TPG? I’m a sophomore at a target interested in learning more about the firm especially the real estate arm.
Could you provide more color on lifestyle in the TMT group?
Curious re vp cash comp? Is it in the 450 range or 500+ range? Thanks
To reply to the few questions above:
1. I don't have too much context on the REPE team, unfortunately
2. TMT historically is a strong team, and with that comes a large number of hours. It is a megafund, so that should be expected anyway. But, it is an increasingly competitive space, especially with large funds, so WLB can be tough.
3. VP cash comp was ~450k. That may have inched upward now to $500k or above, but carry is where the big money can be made.
Correct me if I'm wrong, but didn't 1st year Apollo associates make $500k this year? $400k starting + "special" $100k bonus from Sambur and Nord. Any idea as to how much the Apollo guys make in cash comp at the principal & partner levels? Kinda hard to believe a 24 year old there made $500k, 25 year old $600k...so on so forth
Any info on tpg growth?
Curious too
Following
Info on industrials / healthcare groups?
bump
People are recruited into groups that are usually related to their IB group, but there are also cases where someone was recruited into a different industry group because they wanted to try something new. GS, MS M&A, MS M&C, and MS Menlo place extremely well into TPG, and they are well-represented in the IDMC, Software & Enterprise, and Growth teams (at the time of this post).
Most associates said that they chose TPG over other megafunds (BX, Carlyle, Apollo) because of the culture, which is supposed to be more chill than other megafunds. However, this could depend on their first impressions, interviewers, group experience, and whether or not they know people at other megafunds. It's hard to say definitively how TPG's culture compares to other megafunds, but the general consensus is that it is more relaxed—partially due to the SF location. Most people are nice and helpful, but they can get very busy sometimes.
Does anyone know anything about HF exits at TPG? Would appreciate any examples of L/S funds if you have
Have you found any intel on this since?
Is TPG growth the best group @ TPG? Also do TPG growth & TPG capital take analysts out of undergrad? Any tips for landing a spot there out of school? Also same question as the guy above -- how are HF exits from TPG growth/capital?
Am also wondering is there equivalent title for a TPG VP role at other firms. Would it be an equivalent to say Senior Associate at a Silver Lake for example? What is the range of base and bonus split? Need to make sure I am not taking a lesser role.. thoughts or any questions for the HH.
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