TPG Launches Sports Investing Business

MT Newswires Live

05-01

TPG (TPG) said Thursday it launched TPG Sports, a dedicated investing business focused on partnering with sports companies, teams, and leagues to shape the future of the sports ecosystem.

The company said golfer Rory McIlroy, his business partner Sean O'Flaherty, and their team at Symphony Ventures will serve as operating partners for TPG Sports. TPG also secured a significant anchor commitment from an investment vehicle managed by Lunate, the company added.

Shares of TPG were up 3% in recent trading.

Price: 47.85, Change: +1.40, Percent Change: +3.01

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