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TPG Looks to Expand Credit Reach With Angelo Gordon Acquisition
Solar developer Intersect gets $750 mln investment from private equity firm TPG
💰💰💰Good morning! #premarket #watchlist 06/21 $BKSY -Awarded Five-Year Joint Artificial Intelligence Center Contract, $ADN -Power & Renewables Conference, taking place between June 22-23, in New York City, $CNVY -Convey To Be Taken Private By TPG, $VLNA -Valneva and Pfizer Enter into an Equity
💰💰💰Good morning! #premarket #watchlist 06/21 $BKSY -Awarded Five-Year Joint Artificial Intelligence Center Contract, $ADN -Power & Renewables Conference, taking place between June 22-23, in New York City, $CNVY -Convey To Be Taken Private By TPG, $VLNA -Valneva and Pfizer Enter into an Equity
💰💰💰Good morning! #premarket #watchlist 06/21 $BKSY -Awarded Five-Year Joint Artificial Intelligence Center Contract, $ADN -Power & Renewables Conference, taking place between June 22-23, in New York City, $CNVY -Convey To Be Taken Private By TPG, $VLNA -Valneva and Pfizer Enter into an Equity
💰💰💰Good morning! #premarket #watchlist 06/21 $BKSY -Awarded Five-Year Joint Artificial Intelligence Center Contract, $ADN -Power & Renewables Conference, taking place between June 22-23, in New York City, $CNVY -Convey To Be Taken Private By TPG, $VLNA -Valneva and Pfizer Enter into an Equity
Amazon, Flipkart, PE firm among potential investors in Metropolis Healthcare
Mentions
UnitedHealth’s move to shed Optum UK is a calculated de-risking strategy. It mirrors the post-2008 era when conglomerates purged non-core European units to fortify domestic moats. TPG is betting on the long-term necessity of NHS digitisation. Which makes sense. Private equity thrives where public infrastructure lags. It’s a strategic response to mounting regulatory pressure.
JXN gets a $500 million investment from TPG. The stock is up nicely on the news. JXN has extremely quietly been one of my best performing stocks over the 10 months I've owned it, up 40%, plus dividend payments. Still at 80% of TBV.
ELV,health insurance for most americans. TPG corporate real estate, T phone, WEN food. ERIE car and home insurance, RDN mort insurance, and CSX trains
TPG Takes $600 Million Hit on ‘Eyebrow Queen’ Cosmetics Bet
A major challenge for new data centers is securing sufficient, stable, and affordable power. Alcoa has several temporarily or permanently closed industrial sites that possess large, existing power capacities and grid connections, which are attracting big tech companies and AI developers. In Burrell, PA - a developer named TECfusions has proposed building a massive data center and AI campus on the site of the former Alcoa research facility, with plans for up to 3 gigawatts (GW) of power capacity. In Frederick County, MD - Alcoa sold its former Eastalco Works aluminum smelting plant site to a joint venture between Quantum Loophole and TPG Real Estate Partners in 2021, which is now being developed into a gigawatt-scale data center park. 3 more potential sites are being looked at currently for it's large power-grid connectivity.
I knew it 博裕资本（英语：Boyu Capital Investment Management Co., Limited）[1]是一家成立于2010年的私募股权投资基金，公司创始人包括已故中共中央总书记江泽民的孙子江志成和前TPG合伙人马雪征。其在中国大陆的投资公司是国开博裕（上海）股权投资管理有限责任公司[2]。2021年2月，该公司的部分业务从香港总部搬迁至新加坡[3]。 Grandson of ex party president Jiang
Fasten your seat belts. We will be experiencing some turbulence. 
Been rumors TPG capital is approaching HCTI, been an acquisition recently as well as high volume, bearish looking activity. Nothing really concrete, but worth having a position just in-case.
Rumored that TPG Capital is meeting with HCTI?
Private equity groups TPG and Blackstone made an approach to take Hologic private, offering to purchase the US medical technology group for more than $16bn, according to people familiar with the matter. The proposed deal, which would be one of biggest leveraged buyouts of the year if it moves forward, would value Hologic’s shares at $70 to $72, a significant premium to Friday’s closing price of $54.28.
Top 10 companies with highest PE Ratio, per Chat GPT: 1. LiveRamp Holdings, Inc. (RAMP) – 27,249.59 2. HubSpot, Inc. (HUBS) – 8,687.86 3. Clearwater Analytics Holdings, Inc. (CWAN) – 7,378.98 4. Stagwell Inc. (STGW) – 5,272.45 5. Carvana Co. (CVNA) – 1,938.71 6. TPG Inc. (TPG) – 1,495.35 7. Viant Technology Inc. (DSP) – 1,150.26 8. CSP Inc. (CSPI) – 963.47 9. AerSale Corporation (ASLE) – 891.95 10. Penumbra, Inc. (PEN) – 774.11
[Altus Power Announces Agreement to be Acquired by TPG](https://www.businesswire.com/news/home/20250206697270/en/Altus-Power-Announces-Agreement-to-be-Acquired-by-TPG) \- AMPS Altus Power being bought out for $5 per share, up about 30% today.
TPG in talks to buyout Altus Power/Amps. I wanted to run puts on this, but I was so scared ofa buyout offer ... now, rightfully so. https://www.google.com/amp/s/m.investing.com/news/stock-market-news/tpgs-climate-arm-in-talks-to-buy-altus-power-reuters-reports-93CH-3787469%3fampMode=1
Depends on how big of a chunk Direct TV is in TPG. If it’s just a fraction of their revenue it may not be worth it.
AT&T isn't acquiring Echostar. DirectTV is acquiring Sling and Dish TV, and DirectTV is now owned by TPG.
TPG's P/E ratio is over 25,000
Absolutely. They bought Caesars, levered it to the tits, went bankrupt, and fled with bags full of $ they bled out of the company. A quote from the link below: "Caesar’s financial troubles began soon after the combination, when private equity firms Apollo Global Management and TPG Capital teamed up to purchase the company in a take-private deal valued at $27.8 billion. While the deal included the assumption of $10.7 billion in existing Harrah’s debt, the private equity firms contributed only $6.1 billion of equity capital, financing the rest with $11 billion of new debt". On the positive side, Vici rose from the ashes. https://corpgov.law.harvard.edu/2022/07/07/vici-properties-creating-value-from-the-ashes-of-caesars-demise/
NOW has had a pretty great earnings, but it's a stock that I tend to shy away from just because it's so high-priced, which means less liquidity for trading. I looked through the stocks I've traded recently and SPY and SMCI were pretty much the highest priced stocks I've traded in a while. TPG is something I'm not that interested in, asset managers aren't that volatile in general for trading.
TPG partners, ServiceNow both companies that piqued my interest. Ever heard of them?
No, it’s nearly all secondary from TPG and CPPIB. Founder isn’t selling any.
I watch them but am a little confused about why they keep issuing shares. All seem extremely profitable but keep diluting shareholders. I understand they issue dividends as the primary way of returning capital to shareholders -- but would like them to at least keep the share count steady. TPG is another one. Also BN although you already have BAM. All have done really well, especially KKR since the time you mentioned. Still, I trust Berkshire (and Markel to a lesser extent) for my exposure to financials.
Message from the CEO to employees today: “We are executing well on our industry-leading HBM3E product ramp and have made significant progress ramping capacity, yields and quality. We recognized our first revenue from HBM3E in Q2 and now have begun high-volume shipments. Our HBM3E product will be a part of Nvidia’s H200 Tensor Core GPUs and we are making progress on additional platform qualifications with multiple customers. Our HBM is sold out for calendar 2024 and the overwhelming majority of our 2025 supply has already been allocated. We expect HBM to be accretive to our DRAM and overall gross margins starting in FQ3. I want to commend the entire team working on HBM development and ramp, from TPG to Fab 15 where the HBM wafers are manufactured to the advanced packaging team in Taiwan manufacturing the final product, and all of the supporting teams who have made this a ”whole of Micron” program. Your efforts are a cornerstone of our near-term success and will be foundational to Micron's leadership in the future.”
TPG MBLY CRWD P911 CNM GFS…can go on and on
Thanks for the throwback. I wonder if TPG made money on this? Technically this private equity team already doubled thier money in one day.
TPG beat by 24%. Shares up 44% in 3 months.
Today I am adding a new stock to my Quant Alpha's Portfolio. There are now 23 stocks in the Portfolio. Add – TPG – TPG Inc. Ticker Add Date Add 2/7/24 Div Profit/loss Price Close ACLS 4/14/2023 127.69 131.49 2.98% AMPH 8/9/2023 62.21 52.96 -14.87% ANF 9/20/2023 50.25 103.96 106.89% APP 10/18/2023 38.95 47.69 22.44% CAT 4/28/2023 218.8 323.59 2.6 49.08% CLS 9/6/2023 23.39 36.36 55.45% CMCSA 12/4/2023 43.08 42.86 -0.51% GRBK 7/12/2023 54.28 51.67 -4.81% LMB 12/27/2023 46.11 42.34 -8.18% MFC 1/10/2024 21.61 22.58 4.49% MHO 11/15/2023 101.9 120.16 17.92% MOD 8/23/2023 46.29 68.59 48.17% MPC 4/14/2023 129.89 169.59 2.33 32.36% PARR 4/14/2023 25.61 37.93 48.11% PBF 11/1/2023 48.2 52.54 0.25 9.52% POWL 5/12/2023 53.6 132.1 0.79 147.93% PTVE 1/24/2024 14.71 14.33 -2.58% QTRX 10/4/2023 26.22 23.77 -9.34% SMCI 4/14/2023 109.15 683.6 526.29% STRL 7/27/2023 58.75 79.56 35.42% TPG 2/7/2024 43.1 43.1 0.00% UBER 6/30/2023 43.17 70.65 63.66% VLO 4/14/2023 130.65 141.18 3.06 10.40% 1140.81% total
Today I am adding a new stock to my Quant Alpha's Portfolio. There are now 23 stocks in the Portfolio. **Add –** [**TPG**](https://finance.yahoo.com/quote/TPG?p=TPG) **– TPG Inc.** Ticker Add Date Add P 2/7/24 Div Profit/loss Close ACLS 4/14/2023 127.69 131.49 2.98% AMPH 8/9/2023 62.21 52.96 -14.87% ANF 9/20/2023 50.25 103.96 106.89% APP 10/18/2023 38.95 47.69 22.44% CAT 4/28/2023 218.8 323.59 2.6 49.08% CLS 9/6/2023 23.39 36.36 55.45% CMCSA 12/4/2023 43.08 42.86 -0.51% GRBK 7/12/2023 54.28 51.67 -4.81% LMB 12/27/2023 46.11 42.34 -8.18% MFC 1/10/2024 21.61 22.58 4.49% MHO 11/15/2023 101.9 120.16 17.92% MOD 8/23/2023 46.29 68.59 48.17% MPC 4/14/2023 129.89 169.59 2.33 32.36% PARR 4/14/2023 25.61 37.93 48.11% PBF 11/1/2023 48.2 52.54 0.25 9.52% POWL 5/12/2023 53.6 132.1 0.79 147.93% PTVE 1/24/2024 14.71 14.33 -2.58% QTRX 10/4/2023 26.22 23.77 -9.34% SMCI 4/14/2023 109.15 683.6 526.29% STRL 7/27/2023 58.75 79.56 35.42% TPG 2/7/2024 43.1 43.1 0.00% UBER 6/30/2023 43.17 70.65 63.66% VLO 4/14/2023 130.65 141.18 3.06 10.40% 1140.81% total
Today I added the following stock to my Quant Alpha's Portfolio. There are now 23 transactions in the Portfolio. Add – TPG – TPG Inc. Active transactions in the Portfolio: Ticker Add Date Add P Current Div Profit/loss ACLS 4/14/2023 127.69 131.49 2.98% AMPH 8/9/2023 62.21 52.96 -14.87% ANF 9/20/2023 50.25 103.96 106.89% APP 10/18/2023 38.95 47.69 22.44% CAT 4/28/2023 218.8 323.59 2.6 49.08% CLS 9/6/2023 23.39 36.36 55.45% CMCSA 12/4/2023 43.08 42.86 -0.51% GRBK 7/12/2023 54.28 51.67 -4.81% LMB 12/27/2023 46.11 42.34 -8.18% MFC 1/10/2024 21.61 22.58 4.49% MHO 11/15/2023 101.9 120.16 17.92% MOD 8/23/2023 46.29 68.59 48.17% MPC 4/14/2023 129.89 169.59 2.33 32.36% PARR 4/14/2023 25.61 37.93 48.11% PBF 11/1/2023 48.2 52.54 0.25 9.52% POWL 5/12/2023 53.6 132.1 0.79 147.93% PTVE 1/24/2024 14.71 14.33 -2.58% QTRX 10/4/2023 26.22 23.77 -9.34% SMCI 4/14/2023 109.15 683.6 526.29% STRL 7/27/2023 58.75 79.56 35.42% TPC 2/7/2024 8.82 8.82 0.00% UBER 6/30/2023 43.17 70.65 63.66% VLO 4/14/2023 130.65 141.18 3.06 10.40% 1140.81% total
This morning, I added the following stock to my Quant Alpha's Portfolio. This Portfolio is updated twice a month. **Add –** [**TPG**](https://finance.yahoo.com/quote/TPG?p=TPG) **– TPG Inc.** ​ https://preview.redd.it/7lzxvfi23dhc1.png?width=1269&format=png&auto=webp&s=8838a7e9ca59a9452387fd6fb35d6864fdce31b9
This morning, I added the following stock to my Quant Alpha's Portfolio. This Portfolio is updated twice a month. **Add –** [**TPG**](https://finance.yahoo.com/quote/TPG?p=TPG) **– TPG Inc.** Active Transactions as of 2/7/24: Ticker Add Date Add Price Current Dividend Profit/loss ACLS 4/14/23 127.69 131.49 2.98% AMPH 8/9/23 62.21 52.96 -14.87% ANF 9/20/23 50.25 103.96 106.89% APP 10/18/23 38.95 47.69 22.44% CAT 4/28/23 218.8 323.59 2.60 49.08% CLS 9/6/23 23.39 36.36 55.45% CMCSA 12/4/23 43.08 42.86 -0.51% GRBK 7/12/23 54.28 51.67 -4.81% LMB 12/27/23 46.11 42.34 -8.18% MFC 1/10/24 21.61 22.58 4.49% MHO 11/15/23 101.9 120.16 17.92% MOD 8/23/23 46.29 68.59 48.17% MPC 4/14/23 129.89 169.59 2.33 32.36% PARR 4/14/23 25.61 37.93 48.11% PBF 11/1/23 48.2 52.54 0.25 9.52% POWL 5/12/23 53.6 132.1 0.79 147.93% PTVE 1/24/24 14.71 14.33 -2.58% QTRX 10/4/23 26.22 23.77 -9.34% SMCI 4/14/23 109.15 683.6 526.29% STRL 7/27/23 58.75 79.56 35.42% TPG 2/7/24 43.1 43.1 0.00% UBER 6/30/23 43.17 70.65 63.66% VLO 4/14/23 130.65 141.18 3.06 10.40% 1140.81% total
Elon's X lost 77% of its value under TPG Elon
Any publicly traded private equity firm, which I think is just limited to BX, KKR, and APO (though I think TPG is marketing it's IPO atm).
This is right up there with: 2015: AT&T acquires DirectTV for **$67 billion** in cash + debt 2021: AT&T spins off DirecTV in a deal with private equity firm TPG valued at **$7.1 billion**
If you are looking for stocks that invest in publicly listed equities, Markel (MKL), Loews (L), and the Daily Journal (DJCO) all do this. I don't think any are a better buy than Berkshire. Private Equity like Brookfield (BN), TPG (TPG), Carlyle Group (CG), KKR (KKR), and Blackstone (BX) also invest - but not in the same style as Warren Buffet, who is [famously not a fan](https://finance.yahoo.com/news/warren-buffett-private-equity-not-as-good-as-it-looks-161402193.html). You could look at companies like Itochu (ITOCY), Sumitomo (SSUMY) and Mitsui (MITSY). These are the Japanese trading houses that Berkshire bought into and [share similarities with Berkshire.](https://www.cnbc.com/2023/05/05/why-warren-buffett-is-keen-on-japans-versions-of-berkshire-hathaway.html). These only have OTC listings in the US, however, and you'd be introducing currency risk unlike Berkshire. All that said, I'd just stick with Berkshire.
Theres private equity firms are now buying up homes for pilot programs to see if airbnbing them is viable for an investment. So unless we start taxing those higher or outright banning them as some places are starting to its not going to get better unfortunately. [TPG seems to be the most recent.](https://www.pymnts.com/real-estate/2023/private-equity-firm-tpg-enters-vacation-rental-market-in-florida/)
> The real issue is how does an 80%+ owner exit the position? The only rational way is to sell it to another company. Ares doesn't own Savers because they think their share price will rise and it will enhance their portfolio returns - they're a buyout shop. Their goal is to acquire SVV by levering up as much as possible, streamlining operations to enhance FCF (and hopefully widen margins), use that FCF to hammer down as much debt as possible, exit in 5 - 7 years and use the proceeds to pay off the remaining debt while Ares keeps the remaining cash. It's a textbook LBO, using acquisition debt to amplify cash returns to equity at exit. It's literally how KKR, BX, TPG, APO all rose to be billion dollar PE funds, and Savers is also a textbook buyout candidate for a PE shop.
> I've been interested in investing in marijuana stocks for a while, but noticed they've been plummeting, and for whatever reason Canopy Growth has been doing awfully as well. You're overthinking this and levering up on operational risk when you don't have to by looking for smallcap MJ pureplays, most of which will likely go out of business once legalized (the rest will likely be acquired in the PE market, which, unless you work for KKR/BX/APO/TPG, you won't be able to get exposure). If you're bullish on MJ near-to-medium term prospects, take a position in MO, PM, BTI, or any other publicly traded company that's been growing-and-cultivating crops to chop up, roll up, and smoke for the last 100+ years - they've already got marketing and supply chains built out and under contract, spent whatever capex necessary to get the capital equipment in place necessary to do so, and they've already got the scale to vaaastly underprice any startup competition. To give an analogy from another industry: 2 years ago, would you have rather invested in Fisker, Canoo, or Nikola, if your thesis was "EVs are the future"? Or one of the traditional ICE-based vehicle manufacturers like Ford or Volkswagon?
Three I’ve own or owned (but watch): Mattel ($6 billion) Hasbro ($8 Billion) and TPG ($9 Billion private equity giant). Paramount is also sitting right above $10 billion.
My experience has been that you can raise up to ~£3 million, there’s very few places to go if you want to raise anywhere between 3 and 50 million, and then if you need to raise big money, there’s money again (3i, Tiger, TPG, etc). Which means start ups have a giant valley of death they cannot easily traverse. There was some hope that Fintech could solve this problem, but Brexit screwed up all of the passporting, and the FCA is trying to kill off the rest of the interesting companies, so everybody’s moving to Continental Europe or elsewhere.
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Seems very unlikely. Brookfield is a good long term hold imo. Alternative investment management space continues to see consolidation (see TPG’s acquisition of Angelo Gordon for a very recent example) and they are primed to benefit. Strong management team, impressive fund track record and they continue to raise more and more capital from institutions. Great product suite ranging from infra, real estate, and private equity.
Vice News, once valued at 6 Billion Dollars has filed for bankruptcy, wiping out equity holders who poured in hundreds of millions, including TPG and James Murdoch
You are correct sir. How absolutely disingenuous headline. All other valuations over time in dollars and they pick the largest one to convert to AU to get 8 billion. Wtf. $5.7 billion (AU$8.5 billion): That’s what Vice was valued at its peak in 2017 after turning down Disney’s offer and receiving a $450 million investment from private equity group TPG.
VICE is going bankrupt and the biggest shareholder at 44% is TPG Capital. They’re traded on the NAS as TPG. Puts puts puuutttssss!!!!
>ADVENT INTERNATIONAL, BAIN CAPITAL AND TPG ARE CONSIDERING TEAMING UP TO EXPLORE POSSIBILITY OF A JOINT BID FOR SUBWAY - SKY NEWS $TPG ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-04-19 ^05:40:51 ^EDT-0400
Does anyone remember EVBox and TPG Pace? I wonder if EVBox is regretting not making a deal when the SPAC market was at its hottest - Right now, people don't exactly have the greatest appetite for SPACs / unprofitable companies.
AT&T stock already has this priced in. Everyone knows NFL Sunday Ticket is long gone. Also, AT&T owns only 70% of DIRECTV now. TPG owns 30% of the company. TPG directly controls the day to day management now; AT&T no longer operates DIRECTV at all. This should help improve customer service and investment back into the core product again. DIRECTV has a renewed focus on sports at the moment as their true competitive advantage is the Regional Sports Networks (RSNs). DIRECTV is one of the only streaming services that offers everything in one place. So if you're a sports fanatic, it's a lot cheaper to subscribe to DTV rather than 5 different streaming services to watch everything. Long-term, AT&T will most likely sell off/divest the rest of their ownership and DTV will most likely merge with DISH. I don't believe the outcome of DTV has a big impact on the underlying stock price of T at this moment. All the negative from DTV has been priced in. The movement of T will be based on mobile subs, churn of mobile subs, and how VZ and T Mobile do. T doesn't have a lot of growth prospects. I've been following the stock for years. It's a good stock to own if you want to get a fat dividend and hold forever. Definitely not a yolo play
Netflix Dahmer show has a imdb score of 8.2, rotten tomatoes score of 52% and metacritic score of 45. What happen? Netflix ran out of bribe money after paying off Jeff Bezo's imdb company that they couldn't bribe Warner Brothers and TPG capital (owner of metacritic)?
[TPG Pace Beneficial Finance Corp To Liquidate and Redeem All Shares effective as of October 11, 2022](https://www.sec.gov/Archives/edgar/data/1819399/000119312522250168/d390277d8k.htm) \- TPGY TPGY.WS [Letter to stockholders from the Non-Executive Chairman and Director of the Company, dated September 23, 2022](https://www.sec.gov/Archives/edgar/data/1819399/000119312522250168/d390277dex991.htm)
J Crew had some fucky stuff going on several years ago. The private equity partners were TPG. The CEO made a ton of money too. I think they went private twice.
Hold the last of my TPG & see what it does. Laugh at $BBBY folks. Maybe buy one share just in case "$10.50 resistance break will be huge." Isn't a joke. Maybe snatch up more AMD & NVDA while they're down. Look for more interesting low float plays.
Uber is a great example of this with so much backed by TPG.
No, but all will make a stab at it, so that spike maybe get a little more of your money back. Accumulating UNH, WEBR, and FNILX. Holding SHOP, TPG, and BZH...
HODL across the board. WEBR SPY SHOP TPG RYCEY
I love all this information! Can anyone give good advice on TPG (bought shares waiting for it to take EVBOX to the market....it's been a no go) Do I sell or wait for them to take on another company??
”The US IPO market had its slowest first quarter in six years as just 18 IPOs raised $2.1 billion. Plummeting returns at the end of 2021 effectively put an end to the past year’s IPO boom, and coupled with the escalating war in Europe, issuance ground to a halt in late February. Only seven IPOs raised more than $50 million, led by TPG’s billion-dollar deal, which alone accounted for nearly half of proceeds. A majority of activity came from micro-caps, which caused the median deal size to fall to $27 million, its lowest level in at least two decades. IPOs averaged a 28% return, driven by explosive first-day pops from volatile small issuers and decent returns from larger ones. The Renaissance IPO Index had its worst quarter since 2011 with a 24% drop, well below the S&P 500’s loss. The SPAC market deflated, with a 66% drop in pricings from the 4Q21 and a rise in IPO withdrawals, redemption rates, and merger terminations. The near-term outlook for the IPO market is foggy heading into the second quarter, though one thing is clear: recent IPO returns and risk appetite will need to rebound before activity resumes. Still, many private companies are eyeing 2022 IPOs, and there are plenty of candidates in the pipeline ready to come to market once conditions improve.”
2022 IPO - TPG - Private equity firm. Trading below IPO
Reading the entire transcript, what Foley is specifically talking about is doing "corporate carve outs", where the SPACs would take public a subsidiary of a public company which isn't a great fit for that corporation, yet also leave the original corporation with significant, perhaps majority, ownership. That is unusual for SPACs. TPG Pace Beneficial Finance TPGY TPGY.WS tried it with Engie subsidiary EVBox, but then Engie never produced the required financials and that deal got cancelled. Here's the full section from the transcript: "[So for our big SPAC and our smaller SPAC](https://www.fool.com/earnings/call-transcripts/2022/02/17/cannae-holdings-inc-cnne-q4-2021-earnings-call-tra/), we're looking at some different corporate carve-out opportunities whereby the corporation or the company we're dealing with, generally speaking, is a public company, so it's not a company that's owned by private equity. What we found with the private equity ownership, when you do a SPAC transaction or invest in that company, you've got a stock overhang that's facing you in the future. And that's what's true with Alight. It's not so much true with System1 because we are partners management, and it's true with Paysafe. **So we've tried to move away from partnering with private equity and in some of our investments that we're looking at but rather look at entities or corporation that may have some stranded or step-child subsidiaries that aren't really appropriate for that particular company, to acquire those businesses either in total or in partnership with the current ownership.** And it's my experience with CEOs, if you're a CEO of a public company, you like your empire, and you really don't like to sell a piece of your empire. But if we can go to some of these corporations, and we have several in mind, and propose to them a carve-out of some of their assets but they retain ownership, maybe even majority control, then the CEO's empire is in place, but we've got an excellent investment opportunity. So that's really kind of our mindset now. And as I said, we still have two SPACs that we'd like to deploy. But we're going to be very careful. The redemptions are high. We're not going to get in the position of doing significant backstops **of these transactions**. We're not going to raise pipes. And if it happens that these SPAC transactions can't come to a good conclusion with a good investment that we're happy with and we believe our shareholder base will be happy with, then we'll give the money back to our investors. We're not afraid to do that. We'd rather not. But if that's the best outcome, that's what we'll do." So Foley is describing a change in investing philosophy for the SPACs; and it may be that he thinks those types of transactions should not require backstops or PIPEs in order to complete the deal. Hard to tell how much emphasis to put on "of ***these transactions***" from the above quote.
LOL. David Bonderman's (the co-founder of TPG) family office has 26% of its holdings in SKLZ. https://whalewisdom.com/filer/wildcat-capital-management-llc#tabholdings\_tab\_link
I read this yesterday and thought it was interesting that regulations can influence a fund to pay dividends too. > TPG RE, is a real estate investment trust (REIT), a class of companies long known as excellent dividend payers. That reputation comes for a quirk in tax regulation, which requires REITs to directly return a high portion of earnings to shareholders – and dividends are a convenient vehicle for compliance. https://finance.yahoo.com/news/2-strong-buy-dividend-stocks-014216390.html
Gores (the guy with the most completed deals to date), DMY, TPG. Cantor, Hennessy too even though they had mostly shit deals.
I have a concentrated portfolio of large companies I believe have a strong track record, reliable cash flow, and will exceed industry standards: Microsoft Apple Blackstone Lockheed Martin Home Depot Costco Bank of America Rio Tinto Freeport McMoran TPG inc The rest of my money is tactically managed across sectors through ETFs
TPG on my radar for the long term.