We are delighted to announce the establishment of a joint venture with TPG Special Situations Partners (‘TSSP’), the dedicated credit and special situations platform of TPG , to leverage our collective expertise in the real estate lending sector.
The relationship will bring together the regional expertise, relationships and deal origination capabilities of Maslow and the global strength and resources of TSSP’s investment platform. TSSP has extensive experience with global public and private investments executed through primary originations, secondary market purchases and restructurings. The newly formed exclusive relationship will focus on direct lending in the UK real estate sector to fill the funding shortfall left when the mainstream banks exited the sector. Specific financial details of the joint venture have not been disclosed.
TPG Special Situations Partners (“TSSP”) is the dedicated credit and special situations platform of TPG, a leading global private investment firm. TSSP manages over $16 billion and includes the TPG Opportunities Partners, TPG Specialty Lending and TPG Institutional Credit Partners platforms. TSSP has extensive experience with global public and private investments executed through primary originations, secondary market purchases and restructurings. TPG was founded in 1992 and has more than $70 billion of assets under management and offices in San Francisco, Fort Worth, Austin, Beijing, Chongqing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, Paris, São Paulo, Shanghai, Singapore and Tokyo. The firm’s investments span a variety of industries including financial services, travel and entertainment, technology, energy, industrials, retail, consumer, real estate, media and communications, and healthcare. For more information visit www.tpg.com.
Marc Rose, Co-Founder of Maslow, said: “We are delighted to have been able to agree this joint venture with TSSP, one of the world’s leading investors in global speciality credit platforms and look forward to building substantially upon our already established market reputation and presence”.