PE Firm · Capital Allocator

Angelo, Gordon & Co.

Medium
New York City, U.S. · Founded 1988 · AUM $73 billion · Website
Distressed SecuritiesReal Estate Private EquityDirect LendingConvertible ArbitrageRisk ArbitrageNet Lease Real EstateMulti-strategyReal EstateEnergyConsumer DebtResidential DebtMiddle Market Corporate CreditNorth AmericaEuropeAsia-Pacific
Last verified
10/8/2026

Firm Overview

31
Portfolio tracked
5
Sectors
3
Regions
10/8/2026
Last verified

TPG Angelo Gordon is a global alternative investment manager specializing in credit, real estate, private equity, and multi-strategy disciplines.

Founded in 1988 by John Angelo and Michael Gordon, the firm originally focused on distressed securities, risk arbitrage, and convertible arbitrage. Over the following decades, it significantly expanded its platform to include a wide range of credit and real estate strategies, including opportunistic real estate, net lease real estate, and middle market direct lending. The firm notably participated in the U.S. Department of the Treasury's Public-Private Investment Program (PPIP) following the 2008 financial crisis to help unlock frozen credit markets.

In November 2023, the firm was acquired by TPG Inc. in a cash and stock deal valued at approximately $2.7 billion. Now operating as TPG Angelo Gordon, the firm functions as a subsidiary of TPG, maintaining its diverse alternative investment focus. The firm is headquartered in New York City and maintains a global presence with offices in major financial centers including London, Hong Kong, and Tokyo.

Founded1988
HeadquartersNew York City, U.S.
AUM$73 billion
Employees650
StrategiesDistressed Securities, Real Estate Private Equity, Direct Lending, Convertible Arbitrage, Risk Arbitrage, Net Lease Real Estate, Multi-strategy
Sector focusReal Estate, Energy, Consumer Debt, Residential Debt, Middle Market Corporate Credit
Geographic focusNorth America, Europe, Asia-Pacific

Leadership

John Angelo
Co-founder
Co-founder of Angelo Gordon who previously ran the arbitrage department of L.F. Rothschild.
Michael Gordon
Co-founder
Co-founder and former CEO who previously ran the arbitrage department of L.F. Rothschild.
Josh Baumgarten
Co-CEO and Co-CIO
Co-CEO and Co-CIO who also leads the firm’s credit business.
Adam Schwartz
Co-CEO and Co-CIO
Co-CEO and Co-CIO who also serves as the head of the firm’s global real estate group.

Notable Investments

Twin Brook Capital PartnersDelta Financial

Historical and current deals referenced in public sources.

Portfolio Companies

CompanySectorStatusWebsite
Arcura Medical Properties—Current—
Arcura Medical Properties (German and Dutch Medical Outpatient Portfolio)Real Estate / MedicalCurrent—
Aseem Infrastructure FinanceInfrastructure FinanceCurrent—
Cambridge Mobile TelematicsAI-Driven Road SafetyCurrent—
Cambridge Mobile Telematics (CMT)AI-Driven Road Safety / TelematicsCurrent—
CrusoeAI InfrastructureCurrent—
DeployCo—Current—
ECHO RealtyReal Estate / RetailCurrent—
ESRJapanese Logistics AssetsCurrent—
Findhelp—Current—
German Student Housing PlatformReal Estate / Student HousingCurrent—
Hologic—Current—
Intersect—Exited—
IPX PowerIndependent Power ProducerCurrent—
Japanese Logistics Assets (ESR Partnership)Real Estate / LogisticsCurrent—
LearfieldCollege Sports Media Sales and TechnologyCurrent—
Liberty Waste SolutionsSustainable Waste InfrastructureCurrent—
Madison International RealtyReal Estate / Student HousingCurrent—
Madison International Realty (German Student Housing Platform)Real Estate / Student HousingCurrent—
One Aged CareSenior Healthcare ServicesCurrent—
OpenAITechnology / AI (Partnership)Current—
OpenAI (DeployCo)AI / TechnologyCurrent—
Peppertree—Current—
Redfearn CapitalReal Estate / IndustrialCurrent—
Redfearn Capital Industrial PortfolioReal Estate / IndustrialCurrent—
Smith + HowardProfessional Services / AccountingCurrent—
Tablet Command—Current—
Third Wave Insurance—Current—
Velotic™Industrial & Manufacturing SoftwareCurrent—
Waste EliminatorSustainable Waste InfrastructureCurrent—
ZumConnected Mobility Experience (CMX)Current—

Source: angelogordon.com/portfolio

Portfolio Web Readiness

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Sources

This profile is based on publicly available information and may be incomplete or outdated. PE Firm Index is not affiliated with Angelo, Gordon & Co. and does not provide investment advice.

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