trending Market Intelligence /marketintelligence/en/news-insights/trending/IDmDWfDYVVpAYyFegX3m6g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

TPG executive charged in college bribery scheme leaves company

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

TPG executive charged in college bribery scheme leaves company

TPG Capital Management LP senior executive William McGlashan Jr. resigned from the TPG Rise Fund that he co-founded and led as CEO, Reuters reported, citing a statement from the executive via a spokesperson.

TPG said in a separate statement that it fired McGlashan, who was also founder and managing partner at the firm's growth equity and smaller buyout investment arm, TPG Growth the news outlet added.

The departure comes days after a number of high-profile executives and celebrities were charged for conspiracy to commit mail and wire fraud related to a bribery scheme to secure the their children's admission to top universities across the U.S.

TPG had said on March 12 that it placed McGlashan on indefinite administrative leave, with co-CEO Jim Coulter to serve as interim managing partner of TPG Growth and the Rise Fund.

A McGlashan spokeswoman provided Reuters with an email exchange between McGlashan, TPG co-CEOs Jon Winkelried and Coulter, and Chairman David Bonderman that suggested that McGlashan resigned roughly an hour before he was told of his termination, according to the report.

Citing an unnamed source familiar with the matter, the newswire added that TPG has offered investors in Rise Fund II a chance to withdraw. The fund is aiming to raise up to $3.5 billion, the newswire noted, citing documents from the State Investment Council of New Jersey.