Pamela Pavkov

Rosalia Ramirez

TPG NEXT

When private equity titan TPG launched TPG NEXT, the firm was focused on industry data that clearly demonstrate that despite diverse people accounting for roughly 30 percent, or $5 trillion, of purchasing power in the U.S., diverse managers and ecosystems remain significantly undercapitalized. And, while the lack of diverse representation across the value chain of capital allocation represents a challenge, to TPG and its TPG NEXT affiliate, it represents a compelling investing opportunity for GPs and LPs. TPG launched TPG NEXT to address this market inefficiency. The firm wanted to use its platform, capital, 30-plus year history, and business-building expertise to seed and support the next generation of alternative asset managers. Putting capital in the hands of diverse investment talent creates an opportunity not only to align the alternative industry with broader demographic trends but also to deliver better performance. According to Jon Winkelried, CEO of TPG, “There is a self-selecting bias in the market that fundamentally disadvantages diverse talent. These structural dynamics will continue unless we push ourselves to step outside of our traditional circles and invest behind people, ideas, and networks that are different.” The firm hired Pamela Pavkov to spearhead the initiative. She joined TPG after nearly 12 years at Jasper Ridge Partners, where she most recently served as a Partner with a focus on private equity investing and philanthropic advisory services. The firm has completed several deals including Henri Pierre Jacques’ Harlem Capital and C.C. Melvin Ike’s Visualize Group.