TPG acquiring Angelo Gordon
Thoughts?
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It's interesting to watch different firms swallow each other up like this. Always a bigger fish.
Personally a bit surprised to hear the news when rumors about this first came out earlier in the year given how recent the TSSP / Sixth Street split was, and haven't read much or heard about any specifics beyond the high level headlines really, but it'll be interesting to see what TPG will do differently (if anything at all) this time around having a credit arm in-house again. Know TPG & TSSP used to be semi-integrated and would do some deals together, but then became more and more independent over time.
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