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Firms have tried different tactics to deepen ties with insurers, which can potentially give firms access to new pools of money for bigger financing plays.
The fund looks to identify and fill financing gaps by providing flexible capital services to assets or borrowers that do not fit into traditional lending categories.
TPG will gain a $55 billion billion credit business to compete against rivals, such as Blackstone Inc. and Apollo, which are now major providers of financing to corporations.
May 15, 2023
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