TPG Said In Talks to Acquire Investment Firm Angelo Gordon (1)

TPG Inc. is in talks to acquire investment firm Angelo Gordon, which would be its first major foray into credit investing since separating from Sixth Street three years ago, according to people with knowledge of the matter.

A deal, which would value Angelo Gordon at more than $2 billion, hasn’t been finalized and the discussions may not ultimately lead to a transaction, said the people, who asked not to be identified because they aren’t authorized to speak publicly. TPG has $135 billion under management.

A TPG spokesperson declined to comment. A representative for Angelo Gordon didn’t immediately provide comment. ...