technology

TPG Technology Co-Head Bryan Taylor to Leave After 13 Years

Updated on
  • Taylor is said to exit before TPG starts next fund in 2018
  • ‘Bryan has built a strong team,’ TPG’s Todd Sisitsky says

Bryan Taylor, one of TPG’s top technology dealmakers, is leaving the private equity firm after 13 years.

Taylor, a partner who joined TPG in March 2004, led investments in software, data analytics and technology services. The firm’s tech-related dealmakers evolved over time into two teams, with the other portion, led by David Trujillo, focusing on internet and digital media investments.

Nehal Raj, a partner and co-head of tech deals with Taylor, will continue leading investments in the sector for TPG’s private equity and growth-equity funds.

“As I transition, I do so knowing that the strong technology investment team we have built at TPG will continue to drive remarkable successes,” Taylor said in a statement Thursday.

Taylor, 47, is chairman of the board at McAfee Inc., the security unit that TPG carved out of Intel Corp. for $4.2 billion. The transaction was completed in April. He’s also on the boards of Box Inc., Ellucian Inc. and Eze Software Group, among others.

He’s departing TPG before it starts its next private equity fund in 2018, people with knowledge of the matter said, asking not to be identified because the details are private. The firm finished raising $10.5 billion in May 2016 for its seventh buyout pool.

Wheeler, Daly

“Bryan has built a strong team that will continue to lead our world-class technology franchise,” Todd Sisitsky, TPG’s managing partner in charge of private equity in North America and Europe, said in the statement. “He has been a great partner and friend to the firm and we thank him for his contributions.”

Another senior tech dealmaker, John Marren, retired from TPG in 2015. Carrie Wheeler, the firm’s partner in charge of retail investments, said in June that she plans to leave this year after 21 years. TPG added former Goldman Sachs Group Inc. executive Jack Daly last year to lead deals for North American industrial companies.

The firm, which has its main offices in San Francisco and Fort Worth, Texas, manages more than $73 billion in private equity holdings, real estate, credit assets and hedge funds. It invests in consumer and retail, financial services, health care, industrials, internet and digital media, technology, energy and real estate, according to its website.

TPG’s seventh private equity fund was generating an 11.4 percent annualized return after fees as of March 31, ranking in the top quartile of comparable pools, according to data compiled by Bloomberg.

— With assistance by David Carey

(Updates with fund performance in final paragraph.)
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