Private equity firm TPG is investing heavily in wealth management, striking deals to acquire minority stakes in multiple firms. As Axios reports, wealth managers are drawing increased interest from PE firms looking for steady cash flows and the opportunity to swallow up smaller rivals.
Separately, the private equity firm acquired a minority stake last week in Homrich Berg, a wealth manager with over $18 billion in AUM.
https://www.axios.com/pro/fintech-deals/2024/09/30/tpg-wealth-management?stream=top