James Coulter (financier)

Last updated
James Coulter
Born (1959-12-01) December 1, 1959 (age 64)
Buffalo, New York, U.S.
Education Dartmouth College
Stanford University
OccupationCo-founder of Texas Pacific Group
Employer TPG Inc. (formerly Texas Pacific Group)
SpousePenny Saer
Children3

James Coulter (born December 1, 1959) is an American billionaire businessman. He is the co-founder of private equity firm TPG Inc., originally known as the Texas Pacific Group.

Contents

Early life and education

Coulter was born on December 1, 1959, [1] and raised in a Methodist family, the son of Shirley (née Nagler) and James W. Coulter. [2] [3] His father was a chemical salesman for Chevron. [2] He is a graduate of Shawnee High School in Medford, New Jersey. [4] He graduated summa cum laude from Dartmouth College, where he was also a member of Alpha Chi Alpha. He subsequently earned an MBA from the Stanford Graduate School of Business in 1986, where he was named an Arjay Miller Scholar.

Career

In 1992, Coulter co-founded the Fort Worth and San Francisco-based private equity firm TPG along with David Bonderman. [5] He served as co-CEO from 2014 through 2021 alongside Jon Winkelried. [6] In 2021, Coulter became executive chair of TPG and assumed responsibility for TPG’s climate investing initiatives, including as Managing Partner of TPG Rise Climate. [7] TPG went public in January 2022, trading on the NASDAQ under the ticker symbol “TPG”. [8]

Prior to co-founding TPG in 1992, Coulter and the other co-founders worked for Robert M. Bass. Coulter joined the Robert M. Bass Group from Lehman Brothers Kuhn Loeb. [9] [10]

Coulter has been involved in some of the largest leveraged buyout transactions on record including TPG's marquee transaction, the takeover of Continental Airlines in 1993. He has been involved with TPG's investments in America West Airlines, Burger King, Del Monte Foods, J. Crew, [11] Ducati Motor Holding, Gemplus International, MEMC, ON Semiconductor, Oxford Health Plans, [12] [13] Petco [14] [15] and Seagate Technology.

He is the founder of the Coulter IDEApitch at New Orleans Entrepreneur Week (often referred to as NOEW). [16] Winners of Coulter IDEApitch competition receive a $100,000 investment towards their next round of funding. Winners include Servato, an Industrial Internet of Things technology company (2015 winner); [17] Acrew, a video interviewing HR tech product (2017 winner); [18] and AxoSim, a pharmaceutical research company (2018 winner). [19]

In 2020, Forbes ranked him No. 359 on the Forbes 400 list of the richest people in America. [20]

Memberships

Coulter serves as a member on numerous boards:

Personal life

Coulter is married to Penny Saer from New Orleans. [22] [23] They have three children. [24] [25]

Related Research Articles

<span class="mw-page-title-main">Tom Benson</span> American businessman and pro sports executive

Thomas Milton Benson, Jr. was an American businessman, philanthropist and sports franchise owner. He was the owner of several automobile dealerships before buying the New Orleans Saints of the National Football League (NFL) in 1985 and the New Orleans Pelicans of the National Basketball Association (NBA) in 2012.

<span class="mw-page-title-main">TPG Inc.</span> American investment company

TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American private equity firm based in Fort Worth, Texas. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm invests in a range of industries including consumer/retail, media and telecommunications, industrials, technology, travel, leisure, and health care. TPG became a public company in January 2022, trading on the NASDAQ under the ticker symbol “TPG”.

<span class="mw-page-title-main">Malik Rahim</span> American housing activist and cofounder of the Common Ground Project

Malik Rahim is an American housing and prison activist based since the late 1990s in the New Orleans area of Louisiana, where he grew up. In 2005 Rahim gained national publicity as a community organizer in New Orleans in 2005 to combat the widespread destruction in the aftermath of Hurricane Katrina; there he co-founded the Common Ground Collective.

<span class="mw-page-title-main">Astound Broadband</span> American telecommunications holding company based in Princeton, New Jersey

Astound Broadband is an American telecommunications holding company based in Princeton, New Jersey. It was formed on January 24, 2018, with the completion of the $2.36 billion purchase of Kirkland-based Wave Broadband by private-equity firm TPG Capital. TPG combined Wave with its existing combination of Princeton-based RCN Corporation and San Marcos-based Grande Communications, both of which were acquired on February 1, 2017, in a $2.25 billion deal; TPG bought RCN for $1.6 billion and Grande for $650 million.

<span class="mw-page-title-main">Petco</span> American pet supply store chain

Petco Health and Wellness Company, Inc. is an American pet retailer with corporate offices in San Diego and San Antonio. Petco sells pet food, products, and services, as well as certain types of live small animals.

<span class="mw-page-title-main">David Bonderman</span> American billionaire businessman

David Bonderman is an American billionaire businessman. He is the founding partner of TPG Capital, and its Asian affiliate, Newbridge Capital. He is also one of the minority owners of the NBA's Boston Celtics as well as the co-founder and co-majority owner of the Seattle Kraken of the National Hockey League. As of May 2023, he has an estimated net worth of US$6.4 billion.

<span class="mw-page-title-main">Hellman & Friedman</span> American private equity firm

Hellman & Friedman LLC (H&F) is an American private equity firm, founded in 1984 by Warren Hellman and Tully Friedman, that makes investments primarily through leveraged buyouts as well as growth capital investments. H&F has focused its efforts on several core target industries including media, financial services, professional services and information services. The firm tends to avoid asset intensive or other industrial businesses. H&F is based in San Francisco, with offices in New York and London.

<span class="mw-page-title-main">Gail Koziara Boudreaux</span> American businesswoman and athlete (born 1960)

Gail Koziara Boudreaux is an American businesswoman. She has served as an executive for a number of companies such as Aetna, BlueCross BlueShield of Illinois (2002), and UnitedHealth Group (2008).

<span class="mw-page-title-main">Private equity in the 1990s</span>

Private equity in the 1990s relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital, experienced growth along parallel although interrelated tracks.

<span class="mw-page-title-main">Francisco Partners</span> American private equity firm

Francisco Partners Management, L.P., doing business as Francisco Partners, is an American private equity firm focused exclusively on investments in technology and technology-enabled services businesses. It was founded in August 1999 and based in San Francisco with offices in London and New York City.

William S. "Bill" Price III is an American businessman, investor, and winemaker. He is one of the three co-founders and a partner emeritus of the private equity firm TPG Capital, formerly known as the Texas Pacific Group.

Jon Winkelried is an American financial executive. He is currently the CEO of TPG. Previously, he served as the co-president of Goldman Sachs from 2006 to February 2009. He is known for suddenly retiring at the peak of his career at age 49 from Goldman Sachs.

<span class="mw-page-title-main">Tom Steyer</span> American businessman (born 1957)

Thomas Fahr Steyer is an American climate investor, businessman, hedge fund manager, philanthropist, environmentalist, and liberal activist. Steyer is the co-founder and co-chair of Galvanize Climate Solutions, founder and former co-senior-managing-partner of Farallon Capital and the co-founder of OneCalifornia Bank, which became Beneficial State Bank, an Oakland-based community development bank. Farallon Capital manages $20 billion in capital for institutions and high-net-worth individuals. The firm's institutional investors include college endowments and foundations. Steyer served on the board of trustees at Stanford University from 2007 to 2017. Since 1986, he has been a partner and member of the executive committee at Hellman & Friedman, a San Francisco–based private equity firm.

John A. Pritzker, the grandson of A.N. Pritzker and son of Jay Pritzker, is an American billionaire and investor. He is a member of the Pritzker family.

Hamilton Evans "Tony" James is an American billionaire investment banker. He is the former president, chief operating officer, and executive vice chairman of Blackstone, a New York–based global asset management firm. James has been chairman of the multinational retail chain Costco from August 2017. Since 2021, he has been co-chair of the board of trustees of the Metropolitan Museum of Art in New York.

TriNet Zenefits is a technology company based in San Francisco that offers cloud-based software as a service to companies for managing their human resources, with a particular focus on helping them with payroll and health insurance coverage. The company was founded in 2013.

<span class="mw-page-title-main">Bill McGlashan</span> American investor and businessperson

William E. McGlashan Jr. is an American businessman and former international private equity investor. McGlashan founded TPG Growth, the growth equity and smaller buyout investment arm of TPG Capital, a global private equity investment firm. He is also a founder and was the initial-CEO of The Rise Fund, a social impact fund he co-founded with Bono and Jeffrey Skoll.

<span class="mw-page-title-main">Michael Leonard Hecht</span> New Orleans based American economic developer and businessman

Michael Leonard Hecht is an American economic developer and businessman based in New Orleans, who is currently President & CEO of Greater New Orleans, Inc, the post-Hurricane Katrina economic development organization for the New Orleans region. Hecht has previously led the post-Katrina Business Recovery Program for the State of Louisiana, and the post-9/11 Small Business Assistance Program for New York City.

<span class="mw-page-title-main">The Points Guy</span> American travel website and blog

The Points Guy (TPG) is an American travel website and blog that produces sponsored news and stories on travel, means of accumulating and using airline points and miles, politics, and credit cards - in particular, credit card reviews. The site was founded in 2010 and was initially a blog written by founder Brian Kelly. By 2017, the site employed 20 full-time staff in addition to 50 freelance contributors.

Audrey Coulter is an equestrian who has won several major horse jumping competitions. She is the daughter of financier James Coulter and Penny Coulter.

References

  1. ↑ "A conversation with Jim Coulter". McKinsey & Company. Retrieved 17 May 2018.
  2. 1 2 "In memoriam - James W. (Jim) Coulter" (PDF). Cornell University. April 2009. Retrieved May 23, 2017.
  3. ↑ "In Memory of James Coulter". Prudden And Kandt Funeral Home, Inc. Retrieved May 23, 2017.
  4. ↑ "2016 Investment Returns for Public-Employee Pension Up 7%, Much Better Than in 2015". NJ Spotlight News. 2017-01-26. Retrieved 2020-10-15.
  5. ↑ Calvey, Mark (March 2, 2003). "Texas Pacific's habit of success". San Francisco Business Times. Retrieved May 23, 2017.
  6. ↑ Vandevelde, Mark (10 May 2021). "TPG makes ex-Goldman banker Jon Winkelried sole chief executive". Financial Times. Retrieved 10 April 2024.
  7. ↑ Kelly, Jason (10 May 2021). "TPG Names Winkelried Sole CEO With Coulter to Head Impact Funds". Bloomberg. Retrieved 10 April 2024.
  8. ↑ Ross Sorkin, Andrew; Karaian, Jason; Kessler, Sarah; Gandel, Stephen; de la Merced, Michael; Hirsch, Lauren; Livni, Ephrat (13 January 2022). "TPG Becomes 2022's First Big I.P.O." NY Times. Retrieved 10 April 2024.
  9. ↑ "José E. Feliciano, James Coulter elected to Stanford Board of Trustees". news.stanford.edu. Retrieved 2024-08-20.
  10. ↑ "James G. Coulter - Board Member at Stanford University". THE ORG. Retrieved 2024-08-20.
  11. ↑ Steinhauer, Jennifer (October 18, 1997). "J. Crew Caught in Messy World of Finance as It Sells Majority Stake". The New York Times. Retrieved May 23, 2017.
  12. ↑ Norris, Floyd (February 25, 1998). "Shake up at a health giant: The rescuers Oxford Investors build in some insurance, in case things don't work out". The New York Times. Retrieved May 23, 2017.
  13. ↑ "Company News; Profits triple at Oxford; Texas Pacific Buyback Set". The New York Times. October 26, 2000. Retrieved May 23, 2017.
  14. ↑ "Company News; Management-Led Group To Buy Petco For $505 Million". The New York Times. May 18, 2000. Retrieved May 23, 2017.
  15. ↑ "2 Equity Firms to Acquire Petco". The New York Times. July 15, 2006. Retrieved May 23, 2017.
  16. ↑ "James G. Coulter". Bloomberg. Retrieved May 24, 2017.
  17. ↑ "Technology to extend battery life wins Coulter IDEAPitch for Servato". NOLA.com. Retrieved 2020-03-03.
  18. ↑ "New Orleans startup's vision for resume-free hiring wins $100,000 Coulter IdeaPitch". NOLA.com. Retrieved 2018-05-16.
  19. ↑ "This New Orleans startup just won $100,000 to help make better drugs against ALS and cancer". NOLA.com. Retrieved 2018-05-16.
  20. ↑ "Jim Coulter". Forbes. Retrieved 2020-10-15.
  21. ↑ "James G. Coulter '82". Trustees of Dartmouth College. Retrieved May 24, 2017.
  22. ↑ Waller, Mark (March 21, 2013). "New Orleans Entrepreneur Week adds billionaire investor Jim Coulter to Thursday speaker lineup". The Times-Picayune. Retrieved May 23, 2017.
  23. ↑ "Obituaries Orleans Parish Louisiana: Phyllis Emling Saer". USGenWeb Archives Project. April 2005. Retrieved May 23, 2017.
  24. ↑ "Forbes profile: James Coulter". Forbes. Retrieved 8 October 2019.
  25. ↑ "Dartmouth Board Elects Three New Charter Trustees". Dartmouth News. June 13, 2011. Retrieved May 23, 2017.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.