TPG Angelo Gordon

TPG Angelo Gordon
FormerlyAngelo, Gordon & Co. L.P.
Company typeSubsidiary
IndustryAlternative investment management
FoundedNovember 1988; 36 years ago (1988-11)
Founders
  • John M. Angelo
  • Michael L. Gordon
Headquarters245 Park Avenue
New York City, New York, U.S.
ProductsReal estate, Credit, Distressed securities, hedge funds[1]
AUMUS$73 billion (2023)[2]
Number of employees
650 (2023)[2]
Parent
Websiteangelogordon.com

TPG Angelo Gordon (formerly Angelo Gordon) is a global alternative investment manager founded in 1988[3][4] by John Angelo and Michael Gordon[5] who together ran the arbitrage department of L.F. Rothschild in the 1980s.[6][7] The firm focuses on four main investment disciplines: credit, real estate, private equity, and multi-strategy.[4]

Within those broad categories, the firm offers products in distressed debt and non-investment grade corporate credit, convertible and merger arbitrage,[5] residential and consumer debt, energy direct lending,[5] real estate private equity, real estate debt and lending, net lease real estate, private equity, multi-strategy, and middle market direct lending. It offers two types of investment structures: open-ended hedge fund products and closed-ended private equity-style products.[5]

The firm is headquartered in New York City with additional offices worldwide including in San Francisco, Los Angeles, Chicago, London, Amsterdam, Hong Kong, Seoul, Frankfurt, Tokyo and Singapore.[5][8]

On November 2, 2023, TPG Inc. announced that it had completed the acquisition of Angelo Gordon.[9]

  1. ^ Baker, Sophia (May 10, 2018). "Angelo Gordon adds executive to expand European performing credit business". Pensions & Investments.
  2. ^ a b Cite error: The named reference ft-tpg was invoked but never defined (see the help page).
  3. ^ "Company Profile for Angelo Gordon & Co LP". Bloomberg. Retrieved 3 June 2013.
  4. ^ a b "Profile". IPE. Retrieved 7 January 2015.[permanent dead link]
  5. ^ a b c d e "Company Overview of Angelo, Gordon & Co". Bloomberg Businessweek. Archived from the original on July 30, 2013. Retrieved 7 January 2015.
  6. ^ "Angelo, Gordon & Co". WallstreetOasis.com. Archived from the original on 2015-04-07. Retrieved 7 January 2015.
  7. ^ Fabrikant, Geraldine "BUSINESS PEOPLE; 2 Officials at Rothschild Leaving to Start Firm." The New York Times, November 2, 1988
  8. ^ "Contact". Angelo Gordon. Retrieved April 17, 2019.
  9. ^ "TPG Completes Acquisition of Angelo Gordon". TPG. Retrieved 2023-11-28.