Saturday, April 20, 2024

TPG acquires Power List firm Angelo, Gordon & Co

  • Angelo, Gordon & Co is eighteenth-biggest hedge fund manager globally: AFI Power List
  • $2.7bn cash and shares deal is biggest since TPG went public in 2022
  • Are you an alternatives professional? Sign up to AFI’s free industry briefings here

TPG, the US private equity giant, is buying Angelo, Gordon & Co, the $73bn credit and real estate manager and one of the world’s largest hedge fund managers.

The $2.7bn deal, for cash and shares, was announced on Monday and is TPG’s biggest transaction since listing last year.

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