Todd B. Sisitsky was named president of TPG, a spokeswoman confirmed in an email Thursday.
The position is new. Effective immediately, Mr. Sisitsky will focus on the firm's investment activities and work closely with CEO Jon Winkelried and the executive leadership team to develop and execute TPG's growth strategy.
Mr. Sisitsky is co-managing partner of TPG Capital and co-head of the platform's health-care investing efforts. He will continue to serve in these roles.
In addition, TPG promoted three partners to co-managing partners. Nehal Raj and Jeff Rhodes were named co-managing partners of TPG Capital, while David Trujillo was elevated to co-managing partner of TPG Growth.
Messrs. Raj and Rhodes will join Mr. Sisitsky in managing and overseeing the platform. Mr. Trujillo will join existing TPG Growth co-managing partners, Matt Hobart and Mike Stone, in managing and overseeing that platform.
Mr. Raj currently co-leads the firm's investment activities in software and enterprise technology, while Mr. Rhodes co-leads the platform's investment activities in health care. Mr. Trujillo is head of internet, digital media and communications investments, and co-managing partner of TPG Tech Adjacencies along with Mr. Raj.
Messrs. Raj, Rhodes and Trujillo will continue their sector leadership roles.
TPG has $108 billion in assets under management.
