TPG Starts Program to Back More Diverse Fund Managers

TPG Next is an initiative by TPG to support diverse capital allocators, focusing on women, people of color, and LGBTQ individuals. The program aims to address the challenge of capital flow to diverse entrepreneurs by placing them in roles as capital allocators. TPG Next treats diversity as a horizontal asset class across various sectors, such as real estate and private equity. The initiative includes programs like Investors in Residence to develop diverse investors' capabilities, leveraging TPG's ecosystem to foster successful investors.

Discuss the significance of diversity as an asset class according to the TPG Next initiative.

What role do investors in residence play in the TPG Next initiative?