TPG (TPG, Financial) and Temasek have entered into a decisive agreement to invest significantly in Cliffwater, a renowned independent adviser and manager in the alternative investment space. The investment by TPG is set to be conducted through TPG Growth, which is its designated platform for growth equity opportunities.
This strategic move will see TPG and Temasek join existing stakeholder TA Associates, expanding the firm's pool of strategic partners. Despite the new investments, Cliffwater's management team will maintain the majority control, ensuring continuity in leadership and strategic direction.
While the specific financial details and terms of this transaction remain undisclosed, the partnership marks a significant step in bolstering Cliffwater's growth and market presence. The collaboration aims to leverage TPG and Temasek's expertise and resources, enhancing Cliffwater's capabilities in delivering robust investment solutions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for TPG Inc (TPG, Financial) is $56.67 with a high estimate of $72.00 and a low estimate of $42.00. The average target implies an upside of 30.24% from the current price of $43.51. More detailed estimate data can be found on the TPG Inc (TPG) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, TPG Inc's (TPG, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for TPG Inc (TPG, Financial) in one year is $39.55, suggesting a downside of 9.1% from the current price of $43.51. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the TPG Inc (TPG) Summary page.
