Articles from TPG

Cohere Capital Partners (“Cohere”), a Boston-based private equity firm focused on investing in leading tech-enabled lower middle market companies, announced today that it has closed Cohere Capital Fund II with more than $215 million in commitments. The firm has also received a strategic minority investment from TPG NEXT, TPG’s strategy focused on seeding and scaling the next generation of investment firms.

Demopolis Equity Partners, a technology-focused growth and buyout firm, today announced that it has signed a definitive agreement to receive a strategic minority investment from TPG (NASDAQTPG), a leading global alternative asset management firm. TPG will invest in Demopolis through TPG NEXT, its strategy focused on seeding and scaling the next generation of investment firms by providing growth capital and operational and investment support.

TPG (NASDAQTPG), a leading global alternative asset management firm, today announced that its previously established talent-centric entertainment company (the “Company”) will be named “Initial Group.” Concurrent with this announcement, leading Hollywood literary management firm Grandview (“Grandview”) has been acquired and will be combined under the banner of Untitled Entertainment (“Untitled”), the Company’s first investment in June 2024. This transaction significantly bolsters Untitled’s scale and capabilities in literary representation, while empowering the current Grandview team as they join Untitled and the broader Initial Group platform.

Creative Planning (“the Company”), a leading independent wealth management firm, today announced that TPG (NASDAQTPG), a leading global alternative asset management firm, has made a substantial minority investment in the Company. TPG is investing in the business through TPG Capital, its U.S. and European private equity platform. Terms of the transaction were not disclosed.

An investor group led by TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG Inc. (NASDAQTPG), along with its investment and operating partners—Dream Unlimited Corp. (TSX: DRM) (“Dream”) and Stadium Capital Partners—today announced it has entered into an agreement to acquire a Dutch residential portfolio from European Residential REIT (“ERES”) for approximately €695 million. The closing of the acquisition is subject to customary closing conditions and is expected to be completed by early next year.

PS (formerly known as The Private Suite), an operator of private luxury terminals serving commercial flights, and TPG (NASDAQTPG), a leading global alternative asset management firm, today announced that TPG has entered into a definitive agreement to sell PS to Groupe ADP, an international airport operator. The transaction is subject to regulatory approvals and other customary closing conditions. Terms of the transaction were not disclosed.

Caro Investors Management, LLC (“Caro Investors” or “Caro”), a new investment management company founded by Careina Williams, today announced the launch of the firm with a new strategic partnership with TPG, a global alternative asset management firm. TPG NEXT will serve as a significant anchor investor and strategic partner to Caro Investors as part of its strategy to seed and accelerate the growth of next-generation investment firms.

TPG (NASDAQTPG), a leading global alternative asset management firm, today announced the formation of a new company (the “Company”) that will acquire, invest behind, and build a diversified global business centered on talent management, representation, and adjacent verticals. Michel Pratte, former President of Boat Rocker Media ("Boat Rocker”), has been named CEO of the newly established Company and Eric Taitz, former EVP of Corporate Development and Strategy at Boat Rocker will serve as the Company’s Chief Operating Officer. In tandem with this announcement, the Company is making its first investment into Untitled Entertainment (“Untitled”), a leading Hollywood talent management business with a 25-year track record representing many of the entertainment industry’s most successful and celebrated talent.

TPG (NASDAQTPG), a leading global alternative asset management firm, today announced a significant strategic growth investment in K2 Medical Research (“K2” or the “Company”), an integrated clinical trial site platform specializing in central nervous system (CNS) trials for leading pharma and biotech sponsors. TPG is partnering with K2’s management team to continue building a world class research platform. Terms were not disclosed.

TPG (NASDAQTPG), a global alternative asset management firm, announced today that it has signed a definitive agreement to acquire Classic Collision, a leading, national collision repair multi-site operator. TPG Capital, the U.S. and European private equity platform of TPG, will acquire the business from New Mountain Capital. Classic Collision’s management team will remain invested in the company. Terms of the transaction were not disclosed.

TPG Inc. (NASDAQTPG), a leading global alternative asset management firm, announced today that Jack Weingart, Chief Financial Officer, is scheduled to present at the BofA Securities 2024 Financial Services Conference on Wednesday, February 21, 2024 at 9:40 a.m. ET.

TPG (NASDAQTPG), a leading global alternative asset management firm, announced today the appointment of Scott Lebovitz as a Partner and Head of Infrastructure for TPG Rise Climate, the firm’s dedicated climate investing platform. In this new role, Lebovitz will focus on the firm’s new strategy targeting investments in infrastructure and real assets that are critical to global decarbonization and energy transition marketplaces.

TPG (NASDAQTPG), a leading global alternative asset management firm, today announced a significant strategic investment in Compass Surgical Partners (“Compass” or the “Company”), an independent full-service ambulatory surgery center (ASC) development and management partner. TPG Growth, the firm’s middle market and growth equity platform, is funding the investment, participating alongside existing investor Health Velocity Capital. As a strategic capital partner, TPG will bring valuable expertise to the Compass Surgical Partners leadership team, accelerating growth and scaling capacity in response to increased demand in ASC joint ventures from health system partners.

G&A Partners, a leading human resources and technology services platform, announced today that TPG, a leading global alternative asset management firm, has partnered with the G&A management team and employees to invest in G&A Partners. TPG is investing in the business through TPG Capital, its U.S. and European private equity platform.

Sayari, a counterparty and supply chain risk intelligence provider trusted by government agencies, multinational corporations, and financial institutions, and TPG (NASDAQTPG), a global alternative asset management firm, today announced that they have signed a definitive agreement for TPG Growth, the firm’s middle market and growth equity platform, to make an up to $228 million strategic majority investment in Sayari. Sayari’s founders, employees, and existing investors will retain a significant stake in the company.

TPG, a global alternative asset management firm, and The Visualize Group (“Visualize”), a next-generation investment firm founded by C. C. Melvin Ike to pursue public and private market transactions, today announced that they have entered into a strategic partnership. TPG, which is investing through TPG NEXT and will serve as a significant anchor investor in Visualize’s private equity strategy, joins a strong roster of investors that have backed Visualize, including large university endowments, foundations, and notable family offices, including many of the prominent investors and business builders that worked with Ike throughout his career.

TPG, a leading global alternative asset management firm, and ALTÉRRA, the world’s largest private investment vehicle for climate change action launched at the World Climate Action Summit at COP28, today announced an aggregate US$1.5 billion commitment to the next generation of TPG Rise Climate private equity funds, including its new Global South Initiative.

TPG (NASDAQTPG), a global alternative asset management firm, announced today that TPG Asia Managing Partner Ganen Sarvananthan has been appointed to lead the firm’s activity and continued expansion in the Middle East region. Sarvananthan’s appointment follows significant growth of TPG’s business in Asia across all investing strategies and reflects its commitment to establishing a dedicated presence in the Middle East, a growing region and area of investment for the firm.

TPG (NASDAQTPG), a global alternative asset management firm, announced that effective today, Partner and Board Member Anilu Vazquez-Ubarri has been named Chief Operating Officer of the firm. As COO, Vazquez-Ubarri will lead TPG’s operational functions globally to enable the firm’s strategic business and investment priorities. She will continue to partner closely with CEO Jon Winkelried and the rest of the firm’s leadership team to develop and drive TPG’s growth strategy. Vazquez-Ubarri succeeds Ken Murphy, who will retire from the firm after a planned transition period.

TPG (NASDAQTPG), a global alternative asset management firm, and Crowe LLP, a public accounting, consulting, and technology firm, today announced that they have signed a definitive agreement for TPG to acquire a majority stake in Crowe Healthcare Consulting, establishing it as an independent entity. Crowe Healthcare Consulting Founder and Managing Partner, Derek Bang, and the existing management team will lead the newly independent business, rebranded as Kodiak Solutions (“Kodiak” or the “Company”), after the transaction closes.

TPG (NASDAQTPG), a global alternative asset management firm, announced today the appointment of Flavio Porciani as a Partner based in London. In his role, Porciani will lead European software and enterprise technology investing for TPG Capital, the firm’s U.S. and European late-stage private equity platform. He joins Partners Nehal Raj and Tim Millikin as a Co-Head of the platform’s software and enterprise technology franchise.

TPG, a leading global alternative asset management firm, today announced the closing of TPG Tech Adjacencies II (“TTAD II”), the firm’s second fund for its strategy dedicated to providing flexible capital solutions to the technology industry. TPG secured $3.4 billion of equity commitments for TTAD II and related vehicles, surpassing the fund’s target and more than doubling the capital raised for the inaugural TTAD fund in 2018.

TPG (NASDAQTPG), a global alternative asset management firm, today announced the launch of the inaugural TPG NEXT fund, which will back the next generation of underrepresented alternative asset managers. CalPERS will anchor the fund with a $500 million commitment, and TPG will continue to raise third-party capital to address its significant pipeline and compelling opportunity set across the diverse manager landscape. The target size of the fund was not disclosed.

TPG (NASDAQTPG), a global alternative asset management firm, today announced that Pamela Pavkov has joined the firm as a Partner and Head of TPG NEXT, a strategy designed to back the next generation of diverse alternative asset managers. In her role, Pavkov will be responsible for driving TPG NEXT’s investment strategy, sourcing, execution, and portfolio management.

TPG, a global alternative asset management firm, announced today the appointment of Peter Munzig as a Partner and Head of Business Services for TPG Capital, the firm’s private equity platform. In his role, Munzig will lead TPG Capital’s investment activity and portfolio management in the business services sector.

TPG Inc. (NASDAQTPG), a leading global alternative asset management firm, reported its unaudited fourth quarter and full year 2021 results. TPG issued a full detailed presentation of its fourth quarter and full year ended December 31, 2021 results, which can be viewed through the Shareholders section of TPG’s website at http://shareholders.tpg.com.

TPG (Nasdaq:TPG), a leading global alternative asset management firm, today announced that, in connection with its previously announced initial public offering of 33,900,000 shares of its Class A common stock (consisting of 28,310,194 shares issued and sold by TPG and 5,589,806 shares sold by an existing strategic investor), the underwriters have exercised their option in full to purchase an additional 3,390,000 shares of Class A common stock (consisting of 1,775,410 shares issued and sold by TPG and 1,614,590 shares sold by the existing strategic investor) at a public offering price of $29.50 per share. The issuance and sale of these additional shares closed today.

TPG, a leading global alternative asset management firm, today announced the closing of its initial public offering of 33,900,000 shares of its Class A common stock at a public offering price of $29.50 per share. The offering consisted of 28,310,194 shares issued and sold by TPG and 5,589,806 shares sold by an existing strategic investor. The underwriters have a 30-day option to purchase an additional 3,390,000 shares of common stock, consisting of 1,775,410 shares from the Company and 1,614,590 shares from the existing strategic investor. TPG’s stock is listed on NASDAQ under the symbol “TPG.”

TPG, a leading global alternative asset management firm, today announced the pricing of its initial public offering of 33,900,000 shares of its Class A common stock at a price of $29.50 per share. Of the offered shares, 28,310,194 shares are being offered by the Company and 5,589,806 shares are being offered by an existing strategic investor pursuant to a registration statement filed on Form S-1 with the Securities and Exchange Commission (the “SEC”). The underwriters will have a 30-day option to purchase an additional 3,390,000 shares of common stock, consisting of 1,775,410 shares from the Company and 1,614,590 shares from the existing strategic investor.

TPG, a leading global alternative asset management firm, today announced that Matt Jones has joined the firm as Co-Managing Partner of TPG GP Solutions (TGS), the firm’s U.S. and European secondaries business. In his role, Jones will oversee TPG’s secondaries activity in London and will lead the business in partnership with Michael Woolhouse, an industry veteran who joined the firm in 2020 to launch TGS. Jones will be based in London.

TPG, a leading global alternative asset management firm, today announced that it has commenced an initial public offering of 33,900,000 shares of its Class A common stock, consisting of 28,310,194 shares offered by the Company and 5,589,806 shares offered by an existing strategic investor pursuant to a registration statement filed on Form S-1 with the Securities and Exchange Commission (the “SEC”). TPG intends to use approximately 40% of the net proceeds to purchase partnership interests in the TPG operating entity from other existing strategic investors, and the remaining net proceeds it receives to pay offering and reorganization expenses and for general corporate purposes, which may include facilitating the growth of TPG’s existing business and/or expanding into complementary new lines of business or geographic markets. The underwriters will have a 30-day option to purchase an additional 3,390,000 shares of common stock, consisting of 1,775,410 shares from the Company and 1,614,590 shares from the existing strategic investor. The initial public offering price is currently expected to be between $28.00 and $31.00 per share. The Class A shares are expected to trade on NASDAQ under the symbol "TPG."

TPG, a leading global alternative asset firm, announced today that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its Class A common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. TPG intends to apply to list its common stock on NASDAQ under the symbol "TPG".

TPG, a leading global alternative asset firm, today announced that Todd B. Sisitsky has been named as President of the firm, effective immediately. Sisitsky will continue as Co-Managing Partner of TPG Capital and Co-Head of the platform’s healthcare investing efforts. As President, Sisitsky will focus on the investment activities of the firm and will work closely with CEO Jon Winkelried and the executive leadership team to develop and execute on TPG’s growth strategy. His appointment brings deep investment expertise to the firm’s executive function, while continuing to enable investment excellence at the platform level.

TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform TPG Rise, today announced the first close of $5.4 billion in subscriptions to its inaugural fund. With the fund’s first close, TPG Rise Climate is bringing together a unique blend of capital from some of the world’s largest institutional investors and over 20 leading companies to invest in the entrepreneurs and businesses building climate solutions around the world. TPG Rise Climate has set a hard cap of $7 billion in total capital commitments and expects to hold a final close in the fourth quarter of 2021.

TPG, a leading global alternative asset firm, announced today that Co-Founder Jim Coulter has become Executive Chairman of the firm and Jon Winkelried, who has served as Co-Chief Executive Officer with Coulter, has been named sole Chief Executive Officer. David Bonderman, who co-founded TPG with Coulter, will continue in his role as Co-Founder and Chairman of TPG.

Implantable Provider Group, Inc. (“IPG” or the “Company”), a leading provider of surgical cost management solutions, today announced a significant investment from TPG Growth, the middle-market and growth equity platform of alternative asset firm TPG. TPG Growth will partner with IPG’s existing management team to invest behind its core value proposition, further support existing customer relationships, and expand into new geographies.