emily: he cofounded tcg, one of the largest private equity firms in the world. jim coulter got his start in investing in a bankrupt airline in 1993. today, ppg has a hand in everything from j.crew to movie studios, health care in china and cell towers in southeast asia. and two of the most prominent tech unicorns -- uber and airbnb. as these companies take longer to go public, tpg's investment strategy is undergoing a new evolution in the era of private markets. joining me today on bloomberg "studio 1.0," tpg co-ceo jim coulter. so, tpg is an investor in uber, airbnb, vice, spotify. what do all these companies have in common and what does it tell us about your strategy? jim: i think they all have in common that they are driving disruptions in their industries. in some ways, if you look at the history of tpg, while we are often called a private equity firm, from the very beginning when we started with continental airlines, people began thinking the were airline investors, but that was a moment in time. we have not done much airline investing in 10 years, but sinc