Creative Planning adds TPG Capital
TPG Buys ‘Substantial’ Minority Stake in Creative Planning
Wealth management company Creative Planning sold a “substantial” minority stake to private-equity firm TPG, the companies said Monday morning. TPG said it is making the investment though TPG Capital,
TPG Acquires Minority Stake in Wealth Management Firm Creative Planning
Last week, TPG had agreed to buy a minority stake in wealth manager Homrich Berg. The investment in Creative Planning is being made through TPG Capital, TPG's U.S. and European private equity arm. Investment firm General Atlantic has also been a minority investor in Creative Planning since 2020.
Creative Planning Secures Minority Investment From TPG Capital
TPG Capital joins existing investor General Atlantic Service Co. LP, which made a minority investment in Creative Planning in 2020. At that time, Creative Planning managed $50 billion in assets, operated 27 offices, employed 650 people and served clients across all 50 U.S. states.
TPG Capital Takes Minority Stake in Creative Planning
CEO Peter Mallouk will keep his majority stake and continue to lead the firm. TPG will join General Atlantic, which made its own minority investment in the firm in 2020.
Exclusive-TPG in Lead to Buy Stake in Creative Planning at $15 Billion Valuation, Sources Say
San Francisco-based TPG is set to prevail in an auction for the stake in Creative Planning that drew interest from other buyout firms, including Permira, the sources said, requesting anonymity as the discussions are confidential. The deal could be announced in the coming days, the sources added.
PE giant TPG takes strategic stake in Creative Planning
The global alts firm's minority investment will help fuel continued expansion at the RIA overseeing $375B in client assets.
TPG in Top Position to Win Stake in RIA Creative Planning
Private equity's TPG is sitting in first place in the contest to take a minority stake worth $2 billion in wealth manager Creative Planning, people familiar with the matter told Reuters. A deal with TPG could value Creative Planning at more than $15 billion.
TPG Favored To Win Auction For Creative Planning Stake, Valuing Firm At $15 Billion
According to SEC filings, Creative Planning’s CEO and founder Peter Mallouk owns between 50% and 75% of the firm, which is believed to have several share classes of equity. The Kansas-based firm has also acquired dozens of small- and mid-sized RIAs, many of which received a combination of cash and equity when they sold their firms.
TPG Invests In Creative Planning - Quick Facts
Creative Planning, an independent wealth management firm, announced that TPG (TPG) has made a substantial minority investment in the
Creative Planning adds TPG Capital as a minority stakeholder
This new investment from TPG Capital is recognition of the unique value we create for our clients and the growth and expansion opportunities ahead for our business,” Creative
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Creative Planning Announces Strategic Investment from TPG Capital
Creative Planning (“the Company”), a leading independent wealth management firm, today announced that TPG (NASDAQ: TPG), a leading global alternative asset management firm, has made a ...
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TPG Is in Lead to Buy Stake in Creative Planning, Reuters Says
a minority stake in Creative Planning that would value the wealth management firm at more than $15 billion, Reuters ...