Diversity, Equity, And Inclusion
Promoting diversity, equity and inclusion is a core value at TPG
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 14-member partner steering committee led by Firm Partner Maryanne Hancock and President Todd Sisitsky. It is supported by three advisory groups focused on recruiting and engagement with our external ecosystem and internal teams.
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 June 2023, more than 80% of our portfolio companies’ US-based boards have both gender and racial/ethnic diversity, and our companies have appointed more than 400 diverse directors since 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, The Alumni Society, Board Diversity Action Alliance, Black Women on Boards, The Boule Foundation, LGBTQ+ Corporate Directors, 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.
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.
TPG is committed to providing equal employment opportunities to all employees and applicants without regard to race, religion, color, sex, gender identity and expression, sexual orientation, pregnancy, national origin, ancestry, citizenship status, uniform service member and veteran status, marital status, age, disability, or any other category protected by applicable Federal, State, and local laws. This policy applies to all terms and conditions of employment, including, but not limited to, recruiting, hiring, placement, discipline, promotions, termination, layoff, transfer, leaves of absence, benefits, compensation, and training. All TPG employees are required to adhere to this policy.
TPG is committed to promoting a culture of ethical conduct and complying with applicable laws, regulations, and policies, and expects all employees to follow this commitment in all aspects of their work. The Firm encourages and expects all employees to raise concerns about any conduct that the employee believes, in good faith, could create legal, regulatory, or reputational harm to the Firm.