TPG, one of the last of the original private-equity giants to remain a closely held partnership, is evaluating a public listing, The Wall Street Journal reports, citing people familiar with the matter.
The firm is considering a straightforward IPO and a merger with a SPAC, with the former being the most likely route, the people said. Such a deal could value the California-and-Texas firm at about $10 billion.
TPG, with nearly $100 billion in AUM, has flirted with an IPO multiple times, only to end up balking while rivals forged ahead. Read more.