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Peter Mallouk, Creative Planning President and CEO

Practice Management > Building Your Business > Dealmaking

Private Equity Firm TPG Takes 'Significant' Minority Stake in Creative Planning

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The global private equity firm TPG has taken a minority stake in Creative Planning.

The news follows closely on TPG’s announcement of its minority investment in the Atlanta-based registered investment advisor Homrich Berg, and some six weeks after General Atlantic, another PE firm, said it was looking to sell a slice of its minority stake Creative Planning.

Unlike the Homrich Berg deal, which involved TPG Growth, the firm’s middle market and growth equity platform, TPG is investing in Creative Planning through TPG Capital, its U.S. and European private equity platform.

Terms of the transaction were not disclosed, but the announcement refers to the investment as “significant.”

Creative Planning’s president and CEO, Peter Mallouk, will continue to lead the business and maintain a majority stake, according to the announcement.

“This new investment from TPG Capital is recognition of the unique value we create for our clients and the growth and expansion opportunities ahead for our business,” Mallouk said in a statement. “We are excited to partner with a trusted investor like TPG, with a well-known global reputation, who shares our vision of leveraging our planning-led approach and people-first culture to better serve clients through every phase of their financial lives.”

Creative Planning and its affiliates currently have more than $375 billion in combined assets under management, with clients spread across all 50 states and 90 countries.

Peter McGoohan, a partner at TPG Capital, said Creative Planning has build an “unparalleled business” in the wealth management space, noting his firm “looks forward to working closely with Peter and Creative’s impressive management team and advisors to invest behind the company’s continued growth and expansion.”

Paul Stamas, managing director and global head of financial services at General Atlantic, said his firm remains a strong supporter of Creative Planning.

“We are thrilled to continue to support Peter and the excellent team at Creative Planning as they execute their long-term vision for the Company,” Stamas said in the statement.

Overall, TPG has $229 billion of assets under management and investment and operational teams around the world. General Atlantic has approximately $83 billion in assets under management across all of its holdings.

Pictured: Peter Mallouk


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