|Shailesh Rao to Lead TPG Growth and The Rise Fund in India and Southeast Asia|
Experienced Technology Executive to Accelerate Investing in Key Regions
Fort Worth, Texas, San Francisco, Singapore, and Mumbai – September 5, 2018 – TPG Growth, the middle market and growth equity investment platform of global alternative asset firm TPG, announced today that it has named Shailesh Rao Head of TPG Growth and The Rise Fund for India and Southeast Asia. Rao has been serving as a Senior Advisor to TPG Growth and The Rise Fund since October 2017 and will assume this newly created role beginning September 15.
"TPG Growth and The Rise Fund have assembled a dynamic global portfolio—from companies focused on energy-saving solutions to fast-growing consumer internet platforms," said Bill McGlashan, Founder and Managing Partner of TPG Growth and Co-Founder and CEO of The Rise Fund. "As we continue to build businesses with leaders across India and Southeast Asia, Shailesh's regional expertise and global operating experience will be invaluable. In addition to sourcing new regional opportunities, we look forward to advancing our technology investment activity worldwide with the help of Shailesh's connections in the technology sector."
Rao has nearly 20 years of experience spanning some of today's most renowned technology companies.
Prior to joining TPG as a Senior Advisor, Rao spent four years leading international operations at Twitter. During that time, Rao helped the company significantly expand its presence, revenue, and user-base beyond the US to Latin America, Europe, Asia and the Middle East/North Africa. Prior to joining Twitter, Rao spent over seven years at Google as a Vice President, leading YouTube in Asia. Prior to that, he was the Managing Director for Google India.
"I am looking forward to joining a world class team and to accelerating the great work they have done to-date," said Rao. "Leveraging my operating experience from Google and Twitter, I see tremendous opportunity to work with founders and business leaders to scale their businesses across and beyond Asia."
In his role leading TPG's growth and impact investing platforms in the region, Rao will work closely with Puneet Bhatia and Ganen Sarvananthan—who continue to serve as co-managing partners of TPG Capital Asia—to provide leadership to TPG's growing activities in the region.
Shailesh will join the Boards of BookMyShow and Fourth Energy Partners upon joining the firm.
TPG is a leading global alternative asset firm founded in 1992 with more than $84 billion of assets under management and offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul, and Singapore. 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 its investment strategies and the performance of its portfolio. For more information, visit www.tpg.com.
About TPG Growth
TPG Growth is the middle market and growth equity investment platform of TPG, the global alternative asset firm. With approximately $13.2 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources, and global experience to drive value creation, and help companies reach their full potential. The firm is backed by the resources of TPG, which has approximately $84 billion of assets under management. For more information, visit www.tpg.com.
About The Rise Fund
The Rise Fund is the world's largest global fund committed to achieving measurable, positive social and environmental outcomes alongside competitive financial returns —what we call "complete returns." The Rise Fund is managed by TPG Growth, the global growth equity and middle market buyout platform of alternative asset firm TPG. The Rise Fund is led by a group of influential thought leaders with a deep personal and professional commitment to driving social and environmental progress. The board includes: Bill McGlashan, TPG Growth Founder and Managing partner; Bono, Jeff Skoll, Mo Ibrahim, Laurene Powell Jobs, Anand Mahindra and Pierre Omidyar. The Rise Fund's objectives align with the U.N.'s Sustainable Development Goals. The Rise Fund invests in education, energy, food and agriculture, financial services, growth infrastructure, healthcare, and technology, media, and telecommunications companies that deliver complete returns. For more information, visit therisefund.com.