TPG to acquire Peppertree Capital Management for $960m.

TPG, a global alternative asset management firm, agreed to acquire Peppertree Capital Management, a specialized digital infrastructure investment firm, for $960m. “With its deep industry expertise, talented team, and portfolio of high-quality assets, Peppertree represents TPG’s further expansion into the digital infrastructure space, where we see significant potential to grow our capabilities over time. This transaction underscores our continued focus on strategic growth into new segments of alternative asset management where we have a competitive advantage, creating new investment opportunities for our clients and driving value for our shareholders. The Peppertree team shares our commitment to entrepreneurship, innovation, and investing excellence, and we look forward to welcoming them to TPG at an exciting time for our firm,” Jon Winkelried, TPG CEO.