TPG promotes Weingart to CFO
Global investment firm TPG has promoted Jack Weingart to CFO.
He has been with TPG since 2006, and initially served as managing partner of the funding group, which comprises the firm’s fundraising and capital markets activities. In 2017, he took on the role of co-managing partner of TPG Capital. Prior to joining TPG, he was a managing director at Goldman Sachs, where he was responsible for managing the firm’s West Coast leveraged finance and financial sponsor business.
In his new role, Weingart oversees the firm’s finance, treasury and capital markets functions. He is responsible for the firm’s relationships with key shareholders and investors. Weingart also works in partnership with Jon Winkelried, CEO of TPG, and other firm partners on growth strategies and the evolution of TBG’s business.
“Jack brings a unique set of skills and expertise to the CFO role having been at TPG for more than 15 years and having served in leadership functions across the firm,” said Winkelried. “With deep institutional knowledge of our brand and broad experience across capital formation, capital markets, and TPG Capital, Jack is ideally suited to help manage the business of the firm and support our continued growth as CFO.”
Until recently, the senior leadership team, led by partner and co-COO of TPG, Ken Murphy, managed all of the firm's financials, according to a source familiar with the situation. "Murphy will continue as COO, where he is responsible for leading TPG's day-to-day operations as well as driving the development and strategic integration of its new businesses and platforms."
Founded in 1992, TPG is headquartered in San Francisco, California and Fort Worth, Texas. The firm manages $96bn in AUM and has an additional 12 offices globally.