TPG Filing for IPO
Anyone have thoughts on this?
Source: https://www.ft.com/content/688edf60-c912-443d-b2a3-4cef8a2d778b
Trending Content - Private Equity Forum
Career Resources
WSO Free Modeling Series - Now Open Through
July 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
Didn't know that TPG's story started with the Bass family. Do we have someone from TPG on this forum :) ?
Wondering why PE funds when they go public call themselves BDC Business development company? Maybe because they are now open, via issuing stocks, to broader spectrum of investors?
Edit: typo
You’re confusing BDCs with PE firms. BDCs are permanent capital vehicles that give mid market direct loans to SMEs, and lots of credit arms of PE firms raise BDC capital and have them go public. Look at TSLX. That's TPG's main BDC. ARCC is Ares' main BDC. Owning shares of them is owning essentially an LP stake in a fund that makes middle market loans. This is distinctly separate from publicly traded stock of the actual PE firm (aka owning GP stake shares). ARES is the ticker of ares' actual stock.
Oh, okay it makes sense now! My perception was wrong, I thought that PE and business development company are the same thing.
Omnis illo architecto nostrum eos qui. Et facere voluptatem natus explicabo reprehenderit. Aut harum odio laudantium totam quas tenetur.
Ab et in dolore aut rerum corporis eveniet adipisci. Error ut accusamus eveniet velit mollitia consequatur. Velit quam libero voluptatibus dolore et eveniet. Molestiae quaerat sit iste id aut quos. Molestiae ex eaque qui alias.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...