TPG Said to Hire Goldman Sachs Partner Daly for Industrials

TPG Capital hired Goldman Sachs Group Inc. partner Jack Daly to lead the private equity firm’s dealmaking in the industrials industry, a person with knowledge of the move said.

Daly, who leads industrial deals in a merchant banking group at Goldman Sachs, was recruited by TPG’s North America private equity head, Todd Sisitsky, and will join the firm in the coming months, said the person, who asked not to be named because the move hasn’t been announced. Fortune reported the hire earlier.

Luke Barrett, a spokesman for TPG, and Andrea Raphael, a Goldman Sachs spokeswoman, declined to comment. Daly didn’t immediately respond to a request for comment.

Before joining New York-based Goldman Sachs in 1999, Daly taught mechanical and aerospace engineering at Case Western Reserve University. He graduated from the university and has an MBA from the Wharton School of the University of Pennsylvania.

TPG, which has its main offices in San Francisco and Fort Worth, Texas, manages more than $70 billion in private equity holdings, credit assets, real estate and hedge funds. The firm is wrapping up fundraising for a $10 billion private equity pool, its first in eight years.

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