Deals
TPG, Sixth Street to End Partnership in Bid to Fuel Dealmaking
- Firms to end pact that limited growth into each other’s areas
- TPG will keep a minority stake in Sixth Street Partners
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Buyout giant TPG and its credit platform plan to end a decade-long partnership, a move that will free the firms to pursue a wider array of deals.
TPG Sixth Street Partners and TPG told investors Tuesday that they will “pursue our respective next phases as independent organizations,” according to client letters seen by Bloomberg.