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Asset Manager Firm TPG Buys Minority Stake in Creative Planning

Creative Planning has announced a strategic investment from asset management firm TPG.

Posted September 30, 2024

Creative Planning has entered into a deal to sell a minority stake in the company to asset management firm TPG.

TPG is investing in Creative Planning through TPG Capital, a U.S. and European private equity arm of the firm, according to a release Monday. Terms of the deal were not disclosed.

Creative Planning president and chief executive officer, Peter Mallouk, will continue to lead the business and maintain a majority stake.

Goldman Sachs advised Creative Planning and J.P. Morgan Securities and RBC Capital Markets advised TPG Capital on this deal.

Last year, Creative Planning announced it acquired the Goldman Sachs Group’s Personal Financial Management unit. Creative Planning has over $375 billion in combined assets under management across all 50 states and 90 countries as of December 31, 2023.

Founded in 1992 and headquartered in San Fransisco, TPG operates around $229 billion of assets under management.