Angelo Gordon Analysis
What is Angelo Gordon?
Global credit and real estate investment firm
Product Features & Capabilities
- TPG AG Credit Solutions
- TPG AG CLOs
- TPG AG Structured Credit & Specialty Finance
- TPG AG Middle Market Direct Lending
- TPG AG Multi-Strategy
- TPG AG Global Real Estate
- TPG AG Net Lease Real Estate
Investment Focus
TPG Angelo Gordon primarily focuses on investing in global credit and real estate markets. Their investment strategy encompasses a diversified approach that includes alternative credit platforms, corporate credit, structured credit, and lending, mainly in the U.S. and Europe. In the real estate sector, they have over 25 years of experience, concentrating on private equity real estate, commercial real estate debt, and net lease real estate. This dual focus allows them to seek alternative investment opportunities that deliver consistent absolute returns for their clients.
Assets Under Management
$74 billion
Investment Geography
TPG Angelo Gordon primarily invests in the U.S., Europe, and Asia, with a specific focus on Japan, South Korea, Hong Kong, China, and Singapore for their real estate investments.
Key Portfolio Companies
- Cinemark Holdings Inc - A leading American movie theater chain that operates approximately 500 theaters across the U.S. and Latin America, providing extraordinary out-of-home entertainment experiences.
- Starwood Property Trust Inc - A diversified real estate finance company that focuses on originating and investing in commercial mortgage loans and other real estate-related assets, with a market capitalization of around $7 billion.
- Hewlett Packard Enterprise Company - An information technology company that offers enterprise security, analytics, data management, and cloud consulting services, helping businesses transform their operations.
- Anywhere Real Estate Inc - A major player in integrated residential real estate services, providing franchising, brokerage, and relocation services, with a vast network of affiliated brands.
- American Airlines Group Inc - An airline holding company formed by the merger of American Airlines and US Airways, headquartered in Fort Worth, Texas, and is one of the largest airlines in the world.
Notable Exits
- eMagin Corporation - The firm exited its investment in eMagin on October 17, 2023. The specific exit method was not detailed in the sources, but it is noted as a significant exit.
- Cushman & Wakefield - TPG and PAG planned to exit their stake in Cushman & Wakefield through a share sale valued at $311 million, which was reported about 10 months ago.
- Douglas Dynamics - Completed a $64.2 million sale-leaseback transaction with TPG Angelo Gordon, indicating a method of monetizing their investment through a leaseback arrangement.
- Long Island Industrial Portfolio
Recent Fundraising
Management Team
The management team of TPG Angelo Gordon includes the following key members:
- Adam Schwartz: Co-Managing Partner, Head of Real Estate
- Michael Antilety: Managing Director, Structured Credit & Specialty Finance
- Victoria Aston-Duff: Managing Director, Insurance
- Courtney Beidler, CAIA: Vice President, Americas
- Sharone BenEzra, CAIA, CPA: Managing Director
- Mark Bernstein: Managing Director
- Christian Blanke, CFA, CAIA: Managing Director
- Patrick Bracha: Managing Director
- Brian Haklisch: Managing Director, Head of Americas for Investor Relations
- Ryan Mollett: Partner and Managing Partner of Credit Solutions
