Correction (6/16): An earlier version of this story incorrectly stated that Carrie Wheeler was believed to be the only female partner at TPG. She is the only female partner at TPG Capital, TPG’s private equity arm, not at the entire firm. Other women in leadership positions at TPG include Greta Guggenheim, CEO of TPG Real Estate Finance Trust, and Heather Preston, who leads TPG Biotech, among many others.
Carrie Wheeler will reportedly leave her position as a partner at TPG by the end of the year, more than two decades after first joining the buyout behemoth. News of her looming departure comes a day after TPG boss David Bonderman resigned from the Uber board in the wake of a sexist remark made during a meeting about how to improve Uber’s corporate culture.
The New York Post reported differing accounts of Wheeler’s departure, with separate statements from Wheeler herself and TPG partners Jon Winkelried and Jim Coulter calling it a retirement and a different, unnamed source alleging Wheeler is being forced out due to unsuccessful investments in the retail space. One struggling TPG portfolio company in the sector, J. Crew, launched a possible $567 million debt-for-equity swap earlier this week.