TPG and Jackson form strategic partnership with $12B AUM commitment, $500M cross-investment

TPG Inc.

TPG to manage minimum $12B of Jackson's general account assets, with incentives for $20B target.
TPG invests $500M in Jackson (~6.5% stake); Jackson receives $150M in TPG shares.
Partnership initially focuses on credit strategies (Investment Grade ABF, Direct Lending); close expected Q1 2026.
Two-year lock-up on cross-shareholdings; TPG must hold $500M floor through year 5.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

TPG Inc. issued a number of Class A Shares then equal to $150 million (the "Option Shares") of common stock to a subsidiary of Jackson.

Security: common stock
Shares: a number of Class A Shares then equal to $150 million (the "Option Shares")
Purchaser: a subsidiary of Jackson

Exact text from the filing

a subsidiary of Jackson will have the option to require TPG to issue a number of Class A Shares then equal to $150 million

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

TPG Inc. issued 2,279,109 shares of Class A common stock of common stock to a subsidiary of Jackson.

Security: common stock
Shares: 2,279,109 shares of Class A common stock
Purchaser: a subsidiary of Jackson

Exact text from the filing

pursuant to the Investment Agreement, TPG agreed to issue to a subsidiary of Jackson 2,279,109 shares of Class A common stock of TPG

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TPG Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-003402

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