TPG Capital-backed Creative Artists Agency and CMC Capital Partners formed a joint venture.

TPG Capital-backed Creative Artists Agency, an entertainment and sports agency, and CMC Capital Partners formed a joint venture, an investment fund in media and entertainment, Internet and mobile, and lifestyle. Financial terms were not disclosed. “For more than a decade, we have served as a vital bridge to and within the Chinese market, utilizing our deep experience and network to support the work of the region’s best artists and to develop opportunities within the market for international talent. CAA China will supercharge our efforts, from motion pictures, television, endorsements, and brand consulting to sports, live events, digital media, and beyond. CMC, under the leadership of Li Ruigang, has a remarkable record of success in the region, and we are confident that our partnership will yield tremendous results for our clients and future business partners in China,” Richard Lovett, Creative Artists Agency President.