TPG Grows Credit Business with $2.7 Billion Angelo Gordon Acquisition
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Credit TPG, the private equity giant, for following the money.
On Monday, the Texas-based firm known for leveraged buyouts and growth capital made a big splash into the exploding world of private credit by completing a $2.7 billion acquisition of Angelo Gordon. Like most major peers in the private equity space, it appears TPG is eyeing private credit as the next great frontier to fatten that all-important assets under management (AUM) figure.
Source Fool.com
