The launch of TPG NEXT builds on the firms commitment to fostering a diverse, equitable, and inclusive culture within the firm and its ecosystem, and to using the influence and scale of this network to drive sustainable, long-term change across the industry. They waded into the market in Madison, Wis. Dr. Davis completed a residency at YORK HOSPITAL. And then those residents that help beautify and help build that community. Alexis, you and Jarett have had a chance to work on, you know, really advancing economic opportunity there at the Vermont Manchester of development, might you share any best practices or things that you learned along the way? And, you know, we saw the Opportunity Zone legislation and the impact that it would have in communities like the ones we grew up in, Im from Compton originally, and Justins from the Oakland area. Vermont is the second busiest line for the metro system. TPG NEXT will provide flexible growth capital and operating resources to seed, support, and scale the next generation of diverse investors and entrepreneurs including women, people of color, and LGBTQ+. Justin Nunez, a Business Unit Partner in TPG Public Equity Partners, and Liz Stiverson, a Principal and Chief of Staff in TPGs Executive Office, will oversee the day-to-day management of the initiative in partnership with a group of executive sponsors, including Winkelried, Jim Coulter, Kelvin Davis, and Anilu Vazquez-Ubarri. I would say that two of our three investments are not Opportunity-Zone-type investments, but its really about us gaining the experience and the track record to continue to build our business. Also, throughout his career, LeBron sought to empower his close friends in business. Or LeBron. Johnson said stars like LeBron, Kobe Bryant, Stephen Curry, Dwyane Wade and Grant Hill also sought his counsel about branching out into business with their enormous capital and clout as NBA stars. Use of this system is subject to Stanford University's rules and regulations. Jimmy: Very good. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Jimmy: Yeah, thats an excellent goal, an audacious goal. I mean, you all are private developers? #MenWhoEnterprise #WalkersLegacy (Kevin Winter / Getty Images). VamosVentures was founded in 2016 by investor and entrepreneur Marcos Gonzalez. And with that is sort of just recognizing that with any sort of development, or project or change that's happening with the community, there's going to be a influx and outflux of capital, our priority is making sure when any project that we do that we are building something that's not going to allow for the outflux of capital. Following a successful residency, TPG will make a strategic investment in LandSpire and its flagship fund, which is expected to launch in the first half of 2022. They built a few additional stores. Watch TPG Co-CEO Winkelried, Landspire CEO Childress on the It was a $900,000 bet. I think we all have different objectives. Josh Childress, who played in the NBA for eight seasons and then retired from professional basketball overseas in 2018, hoped to start a real-estate business. So I have a very intimate relationship with the community, the understanding of it. He increased his investment 667 times over. https://lnkd.in/gYhmksy, In March of 2021, TPG invested in LandSpire Group and created its Investors-in-Residence program, which has given me, Justin D., and Treana L. Allen, Esq. Yeah, so you start with the, you know, just disabuse yourself of the notion that you're there to save, you're there to continue to facilitate what was already there, create all kinds of access points. For more information, visit www.tpg.com and on Twitter @TPG. In conjunction with the launch of the initiative, TPG has announced a series of new investments and partnerships that, together with Harlem Capital, form the inaugural TPG NEXT portfolio. See Photos. TPG NEXT will provide flexible growth capital and operating resources to seed, support, and scale the next generation of diverse investors and entrepreneurs including women, people of color, and LGBTQ+. Josh: Yeah, so it goes back to something I said earlier. I want to thank Justin, Jared and Alexis for joining me in this conversation. This episode of changemakers la was made possible by our partner Citi Group, Inc. LISC-LA is committed to working with community groups and developers dedicated to preservation and development of affordable housing and sustaining housing projects in the region. In 2019, TPG made a non-controlling strategic investment in Harlem Capital, a diversity-focused venture capital firm. Ill be sure to link to landspiregroup.com and all of Joshs social media handles, and Ill try to get a picture of Josh on there as well like I always do. Hosted by OpportunityDb.com founder Jimmy Atkinson, theOpportunity Zones Podcastfeatures guest interviews from fund managers, advisors, policymakers, tax professionals, and other foremost experts in opportunity zones. TPG NEXT partners will have access to the firms complete ecosystem, including its investment professionals, business development and capital formation functions, and services teams. If you search for Josh Childress, youll find me there with some glasses smiling away. Congrats Jon Winkelried,Anilu Vazquez-Ubarri,Liz Stiverson,Justin Nunez, and Pamela Pavkov. Justin Davis. You can find the rest of the series on Apple podcasts Spotify and Google podcast. All rights reserved. But I know that it begins with folks like you as one of the founders and leaders of Landspire and your other partners who have proximity in terms of background and experience with these communities. Josh Childress isnt afraid to go against the grain. Yeah, theyll make enough money where theyll be in that category of being able to supply wealth for their kids and grandkids and on and on, but Im talking about, you know, owning a significant, multibillion-dollar company that will go on and on, but, even more importantly, can influencewhat goes on in this country.. These are people that graduated from Berkeley and Stanford, and just very passionate about wanting to see growth while sustaining the culture. In today's episode, we'll be talking about the growing income inequality and what the affordable housing field is doing to advance equitable growth and communities. Childress is also studying the trend of real-estate developments anchored by sports arenas and stadiums. As part of the partnership, LandSpire co-founders Josh Childress and Justin Davis and internal legal counsel Treana Allen have formally joined TPGs real estate TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio. In 2017, TPG launched an initiative to increase the gender diversity of its portfolio company boards. Justin Davis TPG's investment platforms are across a wide range of asset classes, including private equity, growth equity, impact investing, real estate, secondaries, and public equity.
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