Leading independent wealth management firm Creative Planning announced that TPG (a leading global alternative asset management firm) has made a substantial minority investment in the Company. TPG is investing in the business through TPG Capital, which is its U.S. and European private equity platform. The terms of the deal were not disclosed.
TPG Capital joins existing investor General Atlantic – who made a minority investment in 2020 – to provide additional resources and expertise to help Creative Planning continue to enhance its service offerings and growth trajectory. Creative Planning President and Chief Executive Officer Peter Mallouk will continue to lead the business and maintain a majority stake.
Creative Planning is a leading independent wealth management firm that provides comprehensive financial planning-led wealth management solutions, delivering a best-in-class client experience. And a trusted partner with a track record of client-led success, Creative Planning and its affiliates currently have over $375 billion in combined assets under management and advisement across all 50 states and 90 countries.
Goldman Sachs acted as exclusive financial advisor to Creative Planning, and Paul Weiss provided legal counsel. J.P. Morgan Securities LLC and RBC Capital Markets acted as financial advisors to TPG Capital, and Davis Polk provided legal counsel.
KEY QUOTES:
“This new investment from TPG Capital is recognition of the unique value we create for our clients and the growth and expansion opportunities ahead for our business,” said Mallouk. “We are excited to partner with a trusted investor like TPG, with a well-known global reputation, who shares our vision of leveraging our planning-led approach and people-first culture to better serve clients through every phase of their financial lives.”
- Creative Planning President and Chief Executive Officer Peter Mallouk
“As clients are increasingly seeking out holistic wealth management solutions, Peter Mallouk and Creative Planning have built an unparalleled business in the space with a track record of success by offering services that address clients’ unique needs. We look forward to working closely with Peter and Creative’s impressive management team and advisors to invest behind the Company’s continued growth and expansion.”
- Peter McGoohan, Partner at TPG Capital
“In our over four years of partnership together, Creative Planning has continued to build on its reputation as an industry-leading wealth management firm with deep client focus and a unique servicing offering. We are thrilled to continue to support Peter and the excellent team at Creative Planning as they execute their long-term vision for the Company.”
- Paul Stamas, Managing Director and Global Head of Financial Services at General Atlantic
