15 May 2025
TPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, and Angelo Gordon, an alternative investment firm focused on credit and real estate investing, today announced an acquisition agreement.
TPG Inc will acquire Angelo Gordon for approximately $2.7 billion (based on TPG Inc.’s share price as of May 12, 2023), including an estimated $970 million in cash and up to 62.5 million common units of the TPG Operating Group and restricted stock units of TPG, in each case, subject to certain adjustments. The transaction also includes an earnout based on Angelo Gordon’s future financial performance, valued at up to $400 million.
Founded in 1988, Angelo Gordon is a fully integrated and scaled multi-strategy platform with more than 650 employees across 12 offices in the U.S., Europe, and Asia.
TPG and Angelo Gordon had a combined AUM of approximately $208 billion as of December 31, 2022.
More, Source: Company’s Press Release