TPG Capital, the global private equity platform of leading global alternative asset firm TPG, announced today that Jack Daly has joined the firm as a Partner. Daly most recently served as a Partner and Managing Director in the Principal Investment Area (PIA) of the Merchant Banking Division at Goldman Sachs Group, leading the U.S. Industrials Private Equity team. In his new role, Daly will be a sector leader with a focus on TPG Capital’s investments in the industrials space. He will be based in San Francisco.
“Jack’s experience as an investor and director in a variety of global industrial and technology businesses will be a significant asset to the firm,” said Todd Sisitsky, Managing Partner at TPG Capital. “His extensive sector leadership, insight, and operational know-how will be integral as we build on our momentum across TPG Capital and continue to expand the firm’s presence in the industrial space.”
Daly brings to TPG more than 20 years of investing experience in the industrial and technology sectors. Before serving as Partner in Goldman Sachs’ PIA division, Daly focused on communications, media, and entertainment for the firm’s Investment Banking Division. Prior to Goldman Sachs, Daly served as a Senior Instructor of Mechanical and Aerospace Engineering at Case Western Reserve University and as Visiting Professor of Industrial Engineering at Kasetsart University in Bangkok, Thailand. Daly received BS and MS degrees in mechanical engineering from Case Western Reserve University and an MBA from the Wharton School of Business at the University of Pennsylvania.
“TPG’s network and reach generate a depth of partnership with the companies they invest in that is unmatched in the industry,” said Daly. “The firm’s commitment to fostering true partnerships, in which people work together toward a common goal, is intrinsic to TPG’s culture as well as its business philosophy. I look forward to joining the firm in this commitment, contributing additional expertise in the industrials space to help continue the firm’s momentum and growth.”
TPG Capital’s industrials team focuses on identifying companies with competitive and resilient business models that are well aligned with macroeconomic and end-market trends. The firm’s operational experts in lean manufacturing techniques, pricing, and the Six Sigma Principles work with portfolio companies to identify and drive considerable cost savings at all points of the value chain. Examples of TPG’s investments in the industrials sector across the firm include American Tire Distributors, Armstrong World Industries, Azul Airlines, Big River Steel, FlexiTuff, Grohe, Novolex, and Ontex.
TPG Capital looks to identify opportunities that reflect the firm’s differentiated investment strategy, deep sector specialization, and focus on operational improvement. The firm has more than two decades of experience leading companies through successful partnerships such as with specialty pharmaceutical company Par Pharmaceutical and leading software services provider Vertafore. Examples of recent investments include Beaver-Visitec International, Cirque du Soleil, Cushman & Wakefield, Ellucian, EnLink, Life Time Fitness, Poundworld, RCN Telecom and Grande Communications, and Transporeon.
About TPG
TPG is a leading global alternative investment firm founded in 1992 with over $70 billion of assets under management and offices in Austin, Beijing, Dallas, Fort Worth, Hong Kong, Houston, Istanbul, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, São Paulo, Singapore, and Tokyo. TPG’s investment platforms are across a wide range of asset classes, including private equity, growth venture, real estate, credit, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio. For more information, visit www.tpg.com.
