TPG Angelo Gordon

New York, New York

About TPG Angelo Gordon

Company overview

TPG Angelo Gordon is a diversified alternative investment firm founded in 1988 by John Angelo and Michael Gordon, with its headquarters located in New York City. The firm was established with a focus on absolute return strategies, initially specializing in distressed debt, risk arbitrage, and convertible arbitrage. Over several decades, the organization expanded its investment capabilities into opportunistic real estate, private equity, and leveraged loans, creating a multi-strategy platform designed to tactically allocate capital across various market cycles. Business/Product Breakdown TPG Angelo Gordon provides a wide array of alternative investment solutions primarily centered on credit and real estate disciplines for institutional and individual clients. The firm's credit platform includes corporate credit strategies such as distressed debt and leveraged loans; structured credit covering residential, consumer, and commercial real estate; and middle-market direct lending through its affiliate Twin Brook. Its real estate division manages value-add strategies, commercial real estate debt, and net lease real estate, with significant operations in Western Europe and Asia. The firm integrates these analytic capabilities through a multi-strategy investment platform that allows for flexible capital deployment in response to shifting market conditions. Notable initiatives include dedicated funds like the AG Europe Realty Fund and the AG Asset Based Credit Fund, which target sub-performing assets and diversified credit opportunities.

Keywords

Revenue

Revenue

EBITDA

EBITDA

Valuation

Valuation
Income Statement
Line Item20242023202220212020
Revenues$380 MM$250 MM$90 MM$120 MM$65 MM
Gross Profit$190 MM$125 MM$45 MM$60 MM$32.50 MM
Net Income (Loss)$43 MM$25 MM$9 MM$12 MM$6.50 MM
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Balance Sheet
Line Item20242023202220212020
Total Assets$850 MM$720 MM$680 MM$650 MM$600 MM
Total Liabilities$450 MM$400 MM$380 MM$350 MM$320 MM
Total Equity$400 MM$320 MM$300 MM$300 MM$280 MM
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Ratios

Revenue / EBITDA
123 MM
Valuation / Revenue
123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee--------------------
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Jane DoeEmployee--------------------
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John DoeEmployee--------------------
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John DoeEmployee--------------------
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401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

Deal Amount

$120M

Target Company Valuation

$1.20 MM

Techniques

Acquisition of Assets, Taken Private

Stake Tags

100%

Is PE deal

Yes

Is deal PE backed

Yes

Total Acquired

100%

Secondary Transaction2023-09-01Canceled

Target

BrightHealth Technologies

Seller

Early Investors Consortium

Investor Sponsors

--

Deal Amount

Undisclosed

Target Company Valuation

NaN

Techniques

Secondary Sale, Management Buy-out (MBO)

Stake Tags

Majority

Is PE deal

No

Is deal PE backed

Yes

Total Acquired

65%

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