Angelo Gordon & Co. L.P.
TPG Angelo Gordon (formerly Angelo Gordon & Co., L.P.) is a global alternative investment manager headquartered in New York, NY. The firm, founded in 1988 by John Angelo and Michael Gordon, focuses on diversified credit and real estate investing. As of 2025, it manages about $99 billion in assets, employs approximately 680 staff (including about 240 investment professionals), and operates globally with offices in the U.S., Europe, and Asia. Its clients include pension funds, corporate entities, endowments, foundations, sovereign wealth funds, and high net worth individuals. In November 2023, Angelo Gordon was acquired by TPG Inc., becoming part of TPG’s investment platforms.
Investment Strategy
TPG Angelo Gordon executes a multi-strategy investment approach centered on credit and real estate opportunities. The firm invests across the capital structure, actively seeking inefficiencies in global credit and real estate markets. Its platform spans distressed and non-investment grade corporate credit, residential and consumer debt, opportunistic and core plus real estate, direct lending (via the Twin Brook business), net lease real estate, and private equity. The firm's investment philosophy focuses on disciplined portfolio construction, rigorous research, and capital preservation, aiming to generate consistent absolute returns by exploiting market inefficiencies and adapting strategies to shifting market conditions.
Top Holdings
Equity Positions (20)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
H HOUS | ANYWHERE REAL ESTATE INC | 4.67% | $35.1M | 9,692,993 | $10.39 | $3.62 | +$2.8M |
N NEE-PR | NEXTERA ENERGY INC | 2.38% | $17.9M | 450,000 | $40.66 | $39.74 | +$3.6M |
K K | KELLANOVA | 1.80% | $13.5M | 170,008 | $80.85 | $79.53 | +$918.2K |
A APO-PA | APOLLO GLOBAL MGMT INC | 1.50% | $11.3M | 150,000 | $74.85 | $74.85 | +$11.3M |
S SKX | SKECHERS U S A INC | 1.34% | $10.1M | 160,000 | $63.10 | $63.10 | +$10.1M |
Options Positions (6)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
A AMODW | ALPHA MODUS HLDGS INC | Bought | Call | $65.3K | 5,880 | $0.11 | $0.11 | +5,879.99 | +$65.3K |
N NETDW | NABORS ENERGY TRANSITION COR | Bought | Call | $24.1K | 500 | $0.48 | $0.48 | +500 | +$24.1K |
F FBYDW | FALCONS BEYOND GLOBAL INC | Bought | Call | $20.3K | 250 | $0.88 | $0.88 | +250 | +$20.3K |
L LOTWW | LOTUS TECHNOLOGY INC | Bought | Call | $2.6K | 250 | $0.10 | $0.10 | +250 | +$2.6K |
X XBPEW | XBP EUROPE HOLDINGS INC | Bought | Call | $1.4K | 250 | $0.05 | $0.05 | +250 | +$1.4K |