McGlashan founded TPG Growth and the Rise Fund, which focuses on investing in solutions to social and environmental problems.
Private equity firm TPG has placed William 'Bill' McGlashan on leave after he was among dozens of people indicted by the FBI Tuesday in an alleged scheme to get students into elite colleges.
McGlashan founded TPG Growth and the Rise Fund, which invests in companies trying to solve social and environmental problems. His duties will be handled by TPG cofounder Jim Coulter, a spokesman told Business Insider. Private equity giant TPG has placed William 'Bill' McGlashan on leave after he was among dozens of business leaders and Hollywood celebritiesMcGlashan is the founder and managing partner of TPG Growth, which makes investments in growth equity and middle market buyouts. He's also cofounder and CEO of the Rise Fund, an investment fund focused on companies trying to tackle social and environmental issues.
"As a result of the charges of personal misconduct against Bill McGlashan, we have placed Mr. McGlashan on indefinite administrative leave effective immediately," A TPG spokesman said in a statement.
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