2017, TPG Capital acquired Mendocino Farms; former Yard House CEO Harald Herrmann was appointed as its CEO. In February 2018, TPG backed former AOL CEO Jon Miller in acquiring Fandom (formerly Wikia, Inc.). Miller was named co-chairman of Wikia, alongside Jimmy Wales, and TPG Capital director Andrew Doyle assumed the role of interim CEO. In March 2018, Manipal Hospitals and TPG Capital acquired Fortis Healthcare as part of a deal for . In 2020, TPG joined Diligent Corporation's Modern Leadership Initiative and pledged to create five new board roles among its portfolio companies for racially diverse candidates. On February 25, 2021, AT&T announced that it would spin-off DirecTV, U-verse and AT&T TV into a separate entity, selling a 30% stake to TPG Capital while retaining a 70% stake in the new standalone company. The deal was closed on August 2, 2021. On January 4, 2022, TPG announced the launch of its IPO, seeking a valuation as high as $9.5 billion. In April 2022, the company purchased a majority stake in Morrow Sodali, a proxy firm based in New York. Newbridge Capital In 1994, TPG, Blum Capital and ACON Investments created Newbridge Capital, a joint-venture to invest in emerging markets, particularly in Asia and, later, in Latin America. At its peak, Newbridge managed over US$3.2 billion. Newbridge was headquartered alongside TPG in Fort Worth and San Francisco, with investment offices across the Asia-Pacific region in Hong Kong, Melbourne, Mumbai, Seoul, Shanghai, Singapore, and Tokyo. In 1995, Newbridge also ventured into Latin America, raising a $300 million fund and then a follow-up $150 million fund in 1996. After its debut funds in the mid-1990s, Newbridge did not continue to focus on Latin America. Since its founding, Newbridge developed a specialization in five broad industry groups: financial services, technology and telecom, healthcare, consumer, and industrials. Newbridge was involved in a number of the largest private equity transactions in Asia, including: Shenzhen Development Bank - the first control purchase of a Chinese national bank by a foreign entity since 1949 Korea First Bank - the first foreign acquisition of a South Korean bank Hanaro Telecom - a major Asian proxy contest, the largest at that time Matrix Laboratories - the largest private equity transaction in the Indian pharmaceutical industry, to that point In the early 2000s, TPG assumed full ownership of the Newbridge joint venture, renaming the firm TPG Newbridge. At the beginning of