TPG Capital (formerly Texas Pacific Group) is an American firm. It is one of the largest private equity investment firms globally, focused on leveraged buyouts, growth capital and leveraged recapitalization investments in distressed companies and turnaround situations. TPG also manages investment funds specializing in growth capital, venture capital, public equity, and debt investments. The firm invests in a broad range of industries including consumer/retail, media and telecommunications, industrials, technology, travel/leisure and health care.
The firm was founded in 1992 by David Bonderman, James Coulter and William S. Price III. Since inception, the firm has raised more than $50 billion of investor commitments across more than 18 private equity funds.
TPG is headquartered in Fort Worth, Texas, and San Francisco, California. The company has additional offices in Europe, Asia, Australia and other parts of North America.
TPG has historically relied primarily on private equity funds, pools of committed capital from pension funds, insurance companies, endowments, fund of funds, high-net-worth individuals, sovereign wealth funds, and from other institutional investors. As of the end of 2008, TPG had completed fundraising for over 20 funds with total investor commitments of over $50 billion.
The Texas and Pacific Railway Company (known as the T&P) was created by federal charter in 1871 with the purpose of building a southern transcontinental railroad between Marshall, Texas, and San Diego, California.
The T&P had a significant foothold in Texas by the mid-1880s. Construction difficulties delayed westward progress, until American financier Jay Gould acquired an interest in the railroad in 1879. The T&P never reached San Diego; instead it met the Southern Pacific at Sierra Blanca, Texas, in 1881.
The Missouri Pacific Railroad, also controlled by Gould, leased the T&P from 1881 to 1885 and continued a cooperative relationship with the T&P after the lease ended. Missouri Pacific gained majority ownership of the Texas and Pacific Railway's stock in 1928 but allowed it to continue operation as a separate entity until they were eventually merged on October 15, 1976. On January 8, 1980, the Missouri Pacific Railroad was purchased by the Union Pacific Railroad. Because of lawsuits filed by competing railroads, the merger was not approved until September 13, 1982. However, due to outstanding bonds of the Missouri Pacific, the actual merger with the Union Pacific Railroad took place on January 1, 1997.
Texas /ˈtɛksəs/ (Spanish: Texas or Tejas [ˈtexas]) is a state in the United States of America. It is the second most populous and second largest state by area in the US. Geographically located in the south central part of the country, Texas shares an international border with Mexico to the south and borders the states of New Mexico to the west, Oklahoma to the north, Arkansas to the northeast, and Louisiana to the east. Texas has an area of 268,820 square miles (696,200 km2) and a growing population of over 27.5 million residents (July 2015).
Houston is the largest city in Texas and the fourth-largest in the United States, while San Antonio is the second largest in the state and seventh largest in the United States. Dallas–Fort Worth and Greater Houston are the fourth and fifth largest United States metropolitan statistical areas, respectively. Other major cities include Austin (the state capital) and El Paso. Texas is nicknamed the Lone Star State to signify Texas as a former independent republic, and as a reminder of the state's struggle for independence from Mexico. The "Lone Star" can be found on the Texan state flag and on the Texan state seal. The origin of the state name, Texas, is from the word, "Tejas", which means 'friends' in the Caddo language.
Western & Atlantic Railroad #49 "Texas" is a 4-4-0 "American" type steam locomotive built in 1856 for the Western & Atlantic Railroad by Danforth, Cooke & Co.. The Texas is widely known for being involved in the Great Locomotive Chase during the American Civil War as the engine that successfully pursued the General locomotive after it was stolen by Union saboteurs in an attempt to ruin the Confederate rail system. The locomotive is currently preserved at the Atlanta Cyclorama building within Grant Park in Atlanta, Georgia, and is listed in the National Register of Historic Places. It will be restored and relocated to the Atlanta History Center in 2016.
The Texas was built in October 1856 for the Western & Atlantic Railroad by locomotive manufacturer Danforth, Cooke and Company in Paterson, New Jersey. It was subsequently shipped from Paterson to the Port of Savannah, traveled the Georgia Rail Road & Banking Company and Macon & Western Railroad, before finally being delivered to the W&A headquarters in Atlanta that same year.