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...Some of the biggest private equity and asset management groups — including TPG, BlackRock, T Rowe Price and CVC Capital Partners — have recently acquired credit managers as they look to diversify their assets...
...Private equity group TPG Capital has approached EY about buying a stake in its consulting arm in a deal that would herald a second attempt at breaking up the Big Four firm....
...The United Arab Emirates is preparing to launch a $30bn climate-related investment fund with BlackRock, TPG and Brookfield, according to people familiar with the matter....
...Meanwhile, listed groups including TPG, Brookfield and KKR have in recent years struck ambitious acquisitions....
...“Firms desperately need capital to transform the business,” he said....
...“The [Right of First Offer] was not completed because the monies sent to TPG came from a third party with whom TPG had not had any previous dealings and where TPG could not satisfy its relevant [anti-money...
...CVC Capital Partners’ revived listing plans....
...Legacy capital managers do not want to be caught flat-footed. Take Blue Owl Capital’s recent acquisition of Kuvare Asset Management for $750mn, which eventually could reach $1bn....
...EY also last year rejected a proposal from US private equity group TPG to break up the firm globally and take a stake in its consulting business....
...Partners also hoped to generate some needed capital to fill a deficit in the US business pension fund. The pitch from TPG should come as no surprise....
...Last year, TPG sold a controlling stake in the talent agency CAA to Artémis, the holding company of the Pinault family, at a $7bn valuation. The deal made TPG and CAA insiders billions....
...TPG declined to comment....
...Persefoni last year said it had raised millions from TPG Rise, the impact fund of the private equity firm TPG....
...The growth capital model supports much of this....
...One sign of this emerged on Monday, when FT calculations revealed that the leaders of entities such as Blackstone, KKR, Apollo Global, Ares Management and TPG enjoyed a more than $40bn rise in the value...
...TPG on Monday hit a new post-IPO high, bolstered by investors’ rising enthusiasm for private capital groups. Additional reporting by Nicholas Megaw and Will Louch...
...TPG, which went public in January 2022 at a $9bn valuation, slightly higher than its current market capitalisation, hopes to use its bigger size to appeal to the large pools of capital that increasingly...
...Shares in many US private capital groups rose last year as their push to diversify beyond traditional buyouts and into credit and insurance-related investments caused their overall fee-based earnings to...
...Shares in Blackstone, KKR, Apollo Global, Ares Management and TPG have neared or eclipsed record highs due to better-than-feared financial results....
...Assets managed by the listed private capital stalwart will go from $135bn to just over $200bn....
...CVC in September bought Dutch infrastructure fund DIF Capital Partners, having acquired Glendower Capital, which invests in deals where private equity firms sell companies to themselves, in 2021....
...Other investors in Vice say that TPG’s capital structure bred a combative atmosphere because TPG’s preferred standing left it with incentives different from seemingly equally situated stakeholders....
...TPG, CAA and Artémis declined to comment on financial details....
...new Global Private Capital Association research....
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