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0.00397350993377478 0.00397350993377478 0.00397350993377478 0.00397350993377478 -0.00220750551876388 0.00309050772626922 0.00309050772626922 0.00161883738042678
Stock impact report

TPG and Jackson Financial Inc. Announce Strategic Partnership to Accelerate Growth

TPG Inc. - Class A (TPG) 
Company Research Source: Business Wire
TPG and Jackson Financial Inc. to establish long-term, strategic investment management partnership, with a minimum commitment of $12 billion of AUM and strong economic incentives aligned to a long-term target of $20 billionPartnership expected to commence with an allocation to TPG Credit, initially focused on Investment Grade Asset Based Finance and Direct Lending, with opportunities to expand into other strategies over timeTPG to make $500 million minority investment in Jackson, representing an approximate 6.5% pro forma ownership stake in the Company; Jackson to receive $150 million in TPG shares, priced at market, further aligning long-term partnership and incentives SAN FRANCISCO & FORT WORTH, Texas & LANSING, Mich.--(BUSINESS WIRE)--TPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm and Jackson Financial Inc. (NYSE: JXN) (Jackson®), a leading U.S. retirement services firm, today announced that they have established a long-term, strategic investment mana Show less Read more
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