TPG pledges to cover abortion-related travel costs for US employees

• The US Supreme Court issued a ruling overturning its 1973 Roe vs Wade decision on Friday

In the wake of the overturn judgment of the Roe vs Wade verdict, several large private equity firms, including Blackstone and TPG (NASDAQ: TPG), pledged to cover any abortion-related travel costs for US employees who live in states where the procedure is outlawed.

TPG CEO Jon Winkelried, released a memo late Friday, accessed by Reuters, stating that the company would reimburse its employees for travel and lodging expenses for out-of-state abortion and reproduction care services.