In the Matter of TPG Capital Advisors, LLC
Admin. Proc. File No. 3-18317
On December 21, 2017, the Commission instituted and simultaneously settled cease-and-desist proceedings (the “Order”) against TPG Capital Advisors, LLC (the “Respondent”). In the Order, the Commission found that, from at least April 2013 through April 2015, the Respondent made inadequate disclosures, while acting as an equity fund adviser, in breach of its fiduciary duty violating the federal securities laws. The Commission ordered the Respondent to pay a total of $9,849,128.79 in disgorgement and prejudgment interest (“Disgorgement Fund”). The Commission also ordered the Respondent to pay a $3,000,000.00 civil money penalty to the Commission for transfer to the U.S. Treasury.
The Order provides for the Respondent to deposit the Disgorgement Fund into an escrow account, acceptable to the Commission staff. The Respondent is responsible for distributing the Disgorgement Fund in accordance with the Order. Tax compliance and any related administrative expenses are the responsibility of the Respondent. The Order requires that the Respondent submit to the Commission staff a final accounting and certification of the disposition of the Disgorgement Fund within 270 days of the distribution funds. See the Commission’s Order: Release No. IA-4830.
For more information, please contact the Commission:
Office of Distributions