TPG Credit Arm Chasing More Spotify-Like Deals With Goldman Hire
- Mike McGinn to lead team seeking to finance growth companies
- TPG Sixth Street Partners helped raise $1 billion for Spotify
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TPG Sixth Street Partners, the $21 billion credit arm of TPG, has tapped Mike McGinn to expand its business tied to financing growing companies, according to a person with knowledge of the matter.
McGinn was one of the co-heads of the private-capital investing team at Goldman Sachs Group Inc. and will help lead a similar group at TSSP along with Bo Stanley, the person said, asking not to be identified as the information isn’t public. The TPG unit was part of an investment team that helped music-streaming service Spotify Ltd. raise $1 billion in convertible debt in 2016.