McGlashan founded TPG Growth and the Rise Fund, which focuses on investing in solutions to social and environmental problems. : Private equity giant TPG has placed William 'Bill' McGlashan on leave after he was among dozens of business leaders and Hollywood celebrities indicted by the FBI in an alleged scheme to get students into elite colleges. McGlashan is the founder and managing partner of TPG Growth, which makes investments in growth equity and middle market buyouts. He's also cofounder and CEO of the Rise Fund, an investment fund focused on companies trying to tackle social and environmental issues.