Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ TPG puts Bill McGlashan on leave after a scandal with college admissions

TPG puts Bill McGlashan on leave after a scandal with college admissions

The TPG Private Capital Prize puts William 's Bill McLaughan on leave after he was among dozens of business leaders and Hollywood celebrities accused by the FBI in an alleged scheme for college student students.

McGlashan is the founder and managing partner of TPG Growth, which invests in share growth and average market buyouts. He is co-founder and CEO of the Rising Fund, an investment fund focused on companies that are trying to cope with social and environmental issues.

McGaugan is said to have been talking to an unnamed person who participated in the scheme called "CW-1" in the indictment. CW-1 created a "fake football profile using Photoshop software" to allow McGlashan's son to be included as "presumed football lender", according to court documents.

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"As a result of charges of personal misconduct against Bill for unlimited administrative leave "TPG's co-founder Jim Coulter will become a temporary manager," said TPG's spokesman in a statement.

TPG has more than $ 100bn of assets, with the $ 13.2bn asset fund, according to the company's website. partner for the two funds, according to the spokesman 02] Business leaders and Hollywood celebrities are among the bribes charged to bring their children to elite universities, including Georgetown, Stanford and Yale, and some parents are accused of having been assigned to their children as Athletes of Division 1, athletic abilities, while others are accused of having had interviews for SAT and ACT exams for their children

Madeleine Shi contributed to the reporting.

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