MANAGER PROFILE

SNAPSHOT
The Texas Pacific Group (TPG) is a leading international buyout firm. It finances turnarounds, management-led buyouts and recapitalisations. Industries of interest include communications equipment, telecommunications, industrial manufacturing, electronics, medical devices, healthcare, software and food services. The firm typically invests $50 million to $300 million per transaction. Current portfolio companies include America West Airlines, Burger King Corporation, Del Monte Foods, Ducati Motor Holdings SpA, Gate Gourmet International, Seagate Technology and US Airways Group. The firm has 43 current or pending portfolio companies.

TPG has two Latin American affiliates, Newbridge Latin America and Newbridge Andean Partners that exclusively invest in Latin American markets. Newbridge Capital Asia is TPG's Asian affiliate. eVolution Global Partners is an affiliate incubator that develops e-commerce start-ups, and its venture capital affiliate TPG Ventures invests in technology, communications and business resources industries. Additionally, the principals of TPG have an investment vehicle, Tarrant Venture Partners, which invests in early stage information technology companies.

MANAGING PARTNERS
David Bonderman, Managing Partner

David Bonderman is a Managing Partner and Founder of Texas Pacific Group. He is based in the Fort Worth office and is arguably the public face of the firm. Prior to forming Texas Pacific Group in 1993, he was chief operating officer of the Robert M. Bass Group, Inc. (now operating as Keystone, Inc.). Prior to joining RMBG in 1983, he was a partner at law firm Arnold & Porter in Washington, DC where he specialised in corporate, securities, bankruptcy, and antitrust litigation. From 1969 to 1970, Bonderman was a fellow in foreign and comparative law in conjunction with Harvard University and from 1968 to 1969, he was Special Assistant to the US Attorney General in the civil rights division.

William Price, Managing Partner

William S. Price, III is a Managing Partner of Texas Pacific Group (TPG). He is based in the San Francisco office. Prior to forming TPG in 1993, he was Vice President of Strategic Planning and Business Development for G.E. Capital, and from 1985 to 1991 he was employed by Bain & Company, where he was a partner and co-head of the Financial Services Practice.

Richard Schifter, Managing Partner

Richard P. Schifter has been a Managing Partner of Texas Pacific Group since July 1994 and is based in the firm's Washington office. He is also a Managing Partner of Newbridge Latin America Fund, L.P.

OTHER PROFESSIONALS
Richard Boyce, Partner; Justin Chang, Partner; Jonathan Coslet, Partner; James Coulter, Partner; John Marren, Partner; William Price III, Partner; Carrie Wheeler, Principal; Jonathan Levinson; Greg Mrva.

FUNDS

Size ($m) Date Raised Total ($m) Stage
T3 Partners
T3 Partners II 400 2001 500 Final Close
T3 Partners I 500 1999 1000 Final Close
TPG Partners
TPG Partners IV 5300 2004 5300 Final Close
TPG Partners III 3500 1999 2500 Final Close
TPG Partners II 2500 1996 2500 Fully Invested
TPG Partners I 722 1993 Fully Invested