TPG's $2.7B Acquisition of Angelo Gordon to Create Real Estate and Credit Powerhouse
TPG is acquiring Angelo Gordon, an investment firm focused on credit and real estate markets, for $2.7 billion. The acquisition will include approximately $970 million in cash and up to 62.5 million units of the TPG Operating Group and restricted stock units of TPG. The move brings TPG CEO Jon Winkelreid back into the credit investing world, something the firm moved away from in 2020 after it split from Sixth Street. Angelo Gordon will be that way back in.