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Stock impact report

Jackson Financial Inc. and TPG Inc. Announce Launch of Long-Term Strategic Partnership

Jackson Financial Inc. Class A (JXN) 
Company Research Source: Business Wire
Partnership to accelerate Jackson’s growth strategy, create opportunities to meet the strong demand for consumer-value oriented products and drive long-term value for Jackson stakeholders LANSING, Mich.--(BUSINESS WIRE)--Jackson Financial Inc.1 (NYSE: JXN) (Jackson®) announced today the closing of the previously announced long-term strategic partnership with TPG Inc. (NASDAQ: TPG). The partnership includes a $500 million common equity investment from TPG to help accelerate Jackson’s growth in its spread-based business and provide flexibility for future innovative insurance solutions. Jackson and TPG established a non-exclusive investment management arrangement with a 10-year initial term and automatic 1-year renewals through year 15 with TPG providing Investment Grade Asset Based Finance and Direct Lending investment capabilities to complement the asset management capabilities of PPM America, Inc., a Jackson subsidiary.In exchange for the investment from TPG, Jackson today issued t Show less Read more
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