TPG Capital senior executive Bill McGlashan on Thursday left the private equity ...
NEW YORK - TPG Capital senior executive Bill McGlashan on Thursday left the private equity firm after he was charged in connection with a U.S. college fraud scheme that has ensnared Hollywood celebrities and corporate elite.
McGlashan, one of TPG’s highest-profile figures, helped lead investments in companies such as Uber Technologies Inc and Airbnb Inc, and brought celebrity investors such as Bono into the firm’s Rise Fund. Regarding the conflicting statements, a spokeswoman for McGlashan provided an email exchange which she said was between McGlashan, TPG co-CEOs Jon Winkelried and Jim Coulter, and Chairman David Bonderman. The exchange suggests McGlashan resigned around an hour before he was told TPG had terminated his employment.
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