TPG’s Winkelried Says Trump Victory Ignited Demand for Deals

TPG Inc. Chief Executive Officer Jon Winkelried said the Republican sweep in last month’s US elections sparked momentum for dealmaking.

The election generated “an incredible amount of enthusiasm” for the asset-management industry, Winkelried said Tuesday at a financial-services conference hosted by Goldman Sachs Group Inc.
Interest rates will continue to drop and “regulatory headwinds” will abate, spurring conditions for more dealmaking, Winkelried said. Still, he added that President-elect Donald Trump’s trade policies are poised to create inflationary pressures.

TPG is one of the largest alternative asset managers, with $239 billion of assets under management as of Sept. 30. ...