Angelo Gordon
TPG Angelo Gordon (formerly Angelo, Gordon & Co.) is a leading global alternative investment platform specializing in credit and real estate strategies. Founded in 1988, the firm has built a reputation for disciplined research, capital preservation, and delivering consistent, risk-adjusted returns across market cycles. In May 2023, Angelo Gordon was acquired by TPG Inc. in a $2.7 billion transaction, becoming TPG’s dedicated credit and real estate investing arm. As of June 30, 2025, TPG Angelo Gordon manages more than $90 billion in assets under management (AUM), including fund-level leverage, across its global credit, real estate, and multi-strategy platforms.
Associated People
2000 - present
2016 - present
2019 - present
1988 - present
2017 - 2020
1989 - 2005
ABOUT TPG ANGELO GORDON
TPG Angelo Gordon is a leading global alternative investment firm specializing in credit and real estate strategies.
Since its founding in 1988 by John Angelo and Michael Gordon, the firm has evolved into a world-class investment platform headquartered in New York, with offices across the United States, Europe, and Asia.
TPG Angelo Gordon serves a diverse base of institutional investors, including pension funds, endowments, foundations, sovereign wealth funds, and high-net-worth individuals.
The firm’s disciplined investment philosophy emphasizes capital preservation, downside protection, and deep fundamental research, delivering strong risk-adjusted returns across market cycles.
KEY INVESTMENT STRATEGIES
Credit Solutions – TPG Angelo Gordon provides tailored financing across the public and private credit spectrum, including private credit, structured credit, and opportunistic debt strategies.
Structured Credit & Specialty Finance – The firm is an active participant in asset-backed securities (ABS), mortgage-backed securities (MBS), and other securitized credit markets, as well as specialty finance opportunities across varying credit qualities and structures.
Real Estate Investing – TPG Angelo Gordon invests across the real estate capital structure—including both debt and equity—with strategies spanning value-add real estate, net lease properties, commercial real estate lending, and global private real estate investments in the U.S., Europe, and Asia.
Merger Arbitrage & Multi-Strategy Investing – As one of the firm’s founding strategies, merger arbitrage remains a key component of its multi-strategy platform.
Direct Lending & Middle Market Credit – The firm provides senior secured and unitranche loans to middle-market companies, focusing on strong collateral, conservative underwriting, and downside risk protection to generate consistent returns.