TPG Supports Creative Artists

TPG Capital has acquired a non-controlling 35% stake in Creative Artists Agency, an entertainment and sports agency, through a growth investment. TPG was advised on the transaction by Credit Suisse, Cleary Gottlieb Steen & Hamilton and Loeb & Loeb, while CAA was advised by Lazard Freres, Rothschild and Wachtell, Lipton, Rosen & Katz. TPG and CAA have also agreed to establish a $500 million pledge fund for future investments.