At TPG, we believe that the quality of our investments and our ability to build great companies depend on the originality of our insights. Promoting diversity, equity and inclusion is a core value at TPG, embedded into the highest levels of our firm and guided by our Diversity, Equity & Inclusion Council. Created in 2015, the DE&I Council is a 17-member partner steering committee led by our CEO and Chief Human Resources Officer and supported by three advisory groups focused on recruiting and engagement with our external ecosystem and internal teams.
Our actions include:
Board Diversity Initiative: We have advanced board diversity on our portfolio companies’ boards of directors in terms of gender, race, ethnicity, and sexual orientation. As of August 2021, more than 70% of our companies’ US-based boards have both gender and racial/ethnic diversity, and we have helped appoint more than 120 women directors since the start of 2017. To broaden our executive network and influence our larger ecosystem, we have worked with leading diverse director organizations—such as the Thirty Percent Coalition, Women Corporate Directors, Him for Her, Ascend-Pinnacle, the Latino Corporate Directors Association, and Stanford Women on Boards—as collaborators, speakers, and often sponsors.
Investing in Diverse-led Investment Managers: In 2019, TPG launched the TPG NEXT initiative, which develops emerging and diverse alternative asset managers. TPG NEXT launched with an investment in Harlem Capital Partners, a venture capital firm focused on investing in companies with diverse founders. TPG NEXT has since made investments in LandSpire Group, a real estate investment fund aiming to provide under-resourced communities with the necessary infrastructure to create equitable growth and a sustainable ecosystem, and VamosVentures, an impact venture capital fund working to deliver meaningful impact through wealth creation, social mobility, unique tech solutions, and taking a visible stand as diverse investors.
Engagement: TPG engages on public issues to advance equality, such as immigration, gender and racial discrimination, women’s issues and access to education. For example, in 2017, TPG authored guidance for our portfolio companies encouraging preservation of Deferred Action for Childhood Arrivals (DACA) and providing support and financial resources to those impacted. In 2018, TPG joined the Business Coalition for the Equality Act. In 2019, TPG was the only private equity firm to sign an amicus brief to the U.S. Supreme Court in support of non-discrimination protections for LGBTQ+ people in federal civil rights law.