TPG’s Jon Winkelried Tops Goldman Riches With Firm’s IPO (2)

Jon Winkelried spent three decades at Goldman Sachs Group Inc., racking up promotions and almost $200 million in rewards during a boom period for investment banking. By the time the firm went public in 1999, he was a partner.

This week he’s poised for another windfall from a different corner of finance in the midst of record growth and profits. TPG Inc., the private equity firm that Winkelried heads, raised $1 billion Wednesday in an initial public offering that valued the company at $9 billion based on the outstanding shares listed in its filings. The shares rose more ...