TPG

“We have folks from Blackstone, TPG, HIG, and mostly the reason they come to Long Lake is because, you know, even though these firms are extraordinary firms at what they do, they're not AI native.”

“TPG had raised a twenty billion dollar fund that it started to deploy very quickly into mega buyout deals right before Lehman fell and the financial crisis began. The first deal in that fund was Washington Mutual. Which went to zero before the capital was call…”

“We had to do what we called at the time a contrition tour, which was essentially David Bonderman and Jim Coulter traveling all around the world apologizing to our investors. We gave people an option to take their money out. We gave people an option to reduce t…”

“No, I own a hundred percent of the business. To be honest with you, I didn't even know how much the company was worth it, but we wanted to expand international.”

“Intersect partnered with TPG, which is a big investment firm, and Google on a partnership that initially will inject about eight hundred million dollars into Intersect to develop solar and storage and wind and some gas co-located with data centers in the Unite…”

“Solution was I introduced them to Waverly Loans, and we did the largest Waverly Loan in history, which was eighty-three million and bought Garrett Camp's shares for TPG for that amount.”

“I think TPG on that eighty-three million made close to two billion.”

“So that Series D, like a year after the Series C, which Google and TPG did, that was at three billion. This was at seventeen billion, and we started off at 10. So, Emil was able to negotiate from, like, 10, eleven billion valuation to 17, because there was so …”

“I think you're going to see what Angelo Gordon did with TPG is the beginning of a massive wave of this. There's a lot of mergers that are going to take place.”

“Or in a more concentrated way, could you convince Blackstone, Carlyle, TPG, Apollo, Aries, Warburg, Pincus, Bain, a handful of companies which each control half a million, million employees.”

“TPG was our anchor in fund one. Right. So one of our high net worths introduced us to TPG November of, Ninth, November of 18, and we had a bunch of conversations. We were doing this for five, six months back and forth, met probably 45 partners. It was a six-mo…”

“Came back with one of my earliest investments would have been Nika in a personal capacity other than TPG, of course, and TPG have been involved with Lenscart and a number of other successful, both in India and overseas investments.”

“They put together a deal to buy Cesar O'Hara's for almost thirty billion dollars, putting just six billion dollars down to it. So basically, 80% of the purchase price is funded with debt”

“Apollo and TPG executed a series of these complex asset deals, asset transfers, financial engineering, where more money is put in the business. They buy casinos from the existing Caesars and Harris Opgo, all in an attempt, ostensibly, to Keep everybody's inves…”

“Caesars ended up being less of a cautionary tale and more of a roadmap, and the reason for that, I think, is very simple. People realized that after this deal, Apollo raises a twenty-five billion dollar fund, and the LP community didn't really penalize them, a…”

“And one of the very first investments we did was an investment into Uber's series D round. When it was valued at, you know, at the time felt like a very rich price of three billion dollars.”

“We then followed that in 2014 with an investment into Airbnb when it was at a ten billion dollar valuation.”

“To date, the company's raised over a hundred and forty three million dollars in financing from some of the best, including Lightspeed, Insight, TPG, and then some very cool names, including Ashton Kutcher, Harry Styles, Brad Feld, and Jason Calicanis.”

“At TPG, when we would go to investment committee, we always had a red team. It's kind of like goes back to journalism when you had someone who said, if you were to take the exact opposite perspective of the argument that's being made by the investment committe…”