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Jacob Polny leaves TPG Capital

Jacob Polny has stepped down as a Europe-focused principal with private equity firm TPG Capital, according to an email sent out on Monday to friends and colleagues. His next stop will be Telemos Capital, which he refers to as a private equity-focused family office that is in the process of being formed. Per his note:

"I felt this was a unique, entrepreneurial challenge that I couldn't reject. Building something from scratch appeals to me, and I was also attracted by the flexible mandate and evergreen capital base."

Polny had joined TPG from Altor Equity back in 2008, and covered both the Nordic region and pan-European industrials. His portfolio companies included Saxo Bank and X2 Resources.

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