TPG Is In Talks to Buy Credit, Real Estate Firm Angelo Gordon
- Deal values alternative asset manager at more than $2 billion
- TPG has been looking to get back into credit investing
Jon Winkelried
Photographer: Bess Adler/BloombergThis article is for subscribers only.
TPG Inc. is in talks to acquire investment firm Angelo Gordon, which would be its first major foray into credit investing since separating from Sixth Street three years ago, according to people with knowledge of the matter.
A deal, which would value Angelo Gordon at more than $2 billion, hasn’t been finalized and the discussions may not ultimately lead to a transaction, said the people, who asked not to be identified because they aren’t authorized to speak publicly. TPG has $135 billion under management.