Angelo Gordon
Angelo Gordon is a New York-based alternative investment manager founded in 1988, operating as TPG's Credit ($95B AUM) and Real Estate ($39B AUM) platform post-2023 acquisition. It raises institutional fund capital from pension funds, sovereign wealth funds, insurance companies, and family offices, deploying it across private credit and real estate strategies globally.
- Company typePrivate
- Founded1988
- HeadquartersNew York, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Angelo Gordon does
Angelo Gordon is a New York-based alternative investment manager founded in 1988, specializing in global credit and diversified real estate strategies. Since its acquisition by TPG in 2023 for approximately $2.7 billion, the firm has operated as TPG Angelo Gordon, forming the core of TPG's Credit ($95 billion AUM) and Real Estate ($39 billion AUM) platforms — collectively representing roughly $134 billion, or 44% of TPG's $306 billion total AUM as of March 31, 2026.
The firm raises capital through closed-end institutional fund vehicles and deploys it across private credit (high-yield, stressed/distressed, direct lending), real estate equity (multifamily, industrial, hospitality, residential development), and structured credit (including asset-based finance and fintech-originated forward-flow agreements). Active verticals include hospitality (Room Mate, Grand Nikko Tokyo Daiba, South Korean hotels), industrial value-add (Chicago JV with Matterhorn), residential development (Essential Housing fund with Lennar), and SME lending partnerships (Funding Circle, Brex credit facility).
The business model is a classic institutional alternative-asset manager: recurring management fees (industry-standard 1-2% of committed or invested capital) plus performance-based carried interest (approximately 20% above a hurdle rate). Customers are institutional limited partners — pension funds, sovereign wealth funds, endowments, insurance companies (notably Jackson Financial under a $12-20B IMA), and family offices — with distribution increasingly extended to eligible individual investors via TPG's Global Wealth Solutions platform. The firm operates globally across the U.S., Japan, South Korea, Singapore, Hong Kong, the U.K., and Spain, with no proprietary technology products or standalone software offerings.
Angelo Gordon firmographics
Firmographics- Name
- Angelo Gordon
- Legal name
- Angelo Gordon & Co.
- Website
- https://angelogordon.com
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Angelo Gordon is a New York-based alternative investment manager founded in 1988, operating as TPG's Credit ($95B AUM) and Real Estate ($39B AUM) platform post-2023 acquisition. It raises institutional fund capital from pension funds, sovereign wealth funds, insurance companies, and family offices, deploying it across private credit and real estate strategies globally.
- Ownership category
- akta.pro rank
Angelo Gordon industry classification
Industry- Product category
- Alternative Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259), Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282), Finance Services (6199)
- akta.pro primary industry
- Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)
- akta.pro secondary industries
- Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit) (FSAAABAI), LP Secondaries — Private Credit / Direct Lending Funds (FSAHALAD)
Keywords
Where Angelo Gordon is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Angelo Gordon business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Management Fees: Angelo Gordon earns management fees (typically 1–2% on committed or invested capital) from institutional investors who commit capital to its credit, real estate, and other alternative fund vehicles. These fees are recurring in nature based on AUM.
- Performance Fees (Carried Interest): As a private equity and alternative credit manager, Angelo Gordon earns performance-based carried interest (typically ~20% of profits above a hurdle rate) from its fund investors. These fees are contingent on fund performance and represent a significant share of revenue when investment returns exceed benchmarks.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Institutional Fund Management |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Angelo Gordon product offering
Product offeringCore offering
Angelo Gordon is a private alternative investment manager that operates two core platforms: a Credit platform ($95B AUM) providing global credit investing strategies including high-yield credit, direct lending, structured credit, and asset-based finance; and a Real Estate platform ($39B AUM) providing diversified thematic real estate investing across multifamily, industrial, hospitality, and residential development. The firm manages institutional fund vehicles and raises capital from large institutional investors including pension funds, sovereign wealth funds, insurance companies, and endowments.
Product overview
Angelo Gordon is a private equity and alternative asset management firm that was acquired by TPG in 2023. As part of TPG, it operates as an integrated platform within TPG's Credit and Real Estate investment platforms, offering global credit investing and diversified thematic real estate investing services to institutional and qualified investors. The firm does not offer standalone software products or technology services.
Differentiator
Problem solved
Functional benefit
Brands
- Angelo Gordon Credit: Global credit investing platform with $95B AUM, offering high-yield credit strategies
- Angelo Gordon Real Estate
Quantifiable outcome
- TPG Angelo Gordon raised $2.1 billion for its latest real estate credit fund, exceeding its initial target.
- +2 more outcomes
Companies that use Angelo Gordon
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Angelo Gordon technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Angelo Gordon partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- LennarminorLennar served as an affiliate development partner in the Von Karman Creative Campus conversion JV with TPG Angelo Gordon and Essential Housing Asset Management, contributing development expertise for the residential conversion of office assets.
- Risewell HomesminorTPG Angelo Gordon and TPG (New York City-based real estate investment firms) purchased a 9.8-acre North San Jose site for $45 million in an all-cash deal. Irvine-based Risewell Homes will lead development of the approved 737-unit housing project, providing the development and construction execution.
Scale indicators7 records
Recent moves7 records
Expansion highlights2 records
Angelo Gordon competitors and assessment
Company assessmentDirect peers
- Blackstone: Blackstone is the largest global alternative asset manager with massive credit and real estate platforms (BREIT, BX Credit). Directly comparable to Angelo Gordon's combined credit ($95B) and real estate ($39B) franchise within TPG.
- Apollo Global Management: Apollo is a leading alternative asset manager with a flagship private credit/insurance-linked platform (Athene) and significant real estate operations. Directly comparable to Angelo Gordon's hybrid credit + real estate + insurance channel strategy.
- KKR: KKR operates large global credit and real estate alternatives platforms with similar institutional LP fundraising, asset-based finance expansion, and direct lending capabilities overlapping Angelo Gordon's offerings.
- Ares Management: Ares is a credit- and real-asset-focused alternative manager with deep direct lending, private credit and real estate equity franchises that directly overlap Angelo Gordon's $95B credit and $39B real estate platforms.
- Brookfield Asset Management: Brookfield's credit and real estate platforms (including Oaktree) operate large-scale private credit, distressed and real estate strategies directly competitive with Angelo Gordon's credit and thematic real estate offerings.
- Oaktree Capital Management: Oaktree is a credit-focused alternatives manager (now part of Brookfield) with deep distressed, private credit and real estate expertise that closely mirrors Angelo Gordon's specialty credit positioning.
- Carlyle Group: Carlyle operates a global alternatives platform with credit and real estate verticals serving similar institutional LP audiences with overlapping product offerings to Angelo Gordon's strategies.
- HPS Investment Partners: HPS is a specialist private credit and direct lending manager (now part of BlackRock) that is a direct competitor to Angelo Gordon's $95B credit platform in senior lending and structured credit.
- Starwood Capital Group: Starwood is a large private real estate alternatives manager with thematic strategies in multifamily, industrial and hospitality that closely align with Angelo Gordon's thematic real estate platform.
Broad incumbents
- Bain Capital: Bain Capital is a broad alternative asset manager with credit and real estate strategies serving institutional LPs globally, providing a broader peer comparison for Angelo Gordon's hybrid alternatives model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Angelo Gordon social profiles
Digital presenceAngelo Gordon financial estimates
Financial estimateRevenue estimate
Valuation estimate
Angelo Gordon leadership team
Management profileNumber of profiles
Profiles6 records
Angelo Gordon subsidiaries and ownership
Company hierarchySubsidiaries2 records
Angelo Gordon funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Angelo Gordon M&A and investment
M&A and investmentM&A2 records
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Angelo Gordon
What does Angelo Gordon do?
Angelo Gordon is a private alternative investment manager that operates two core platforms: a Credit platform ($95B AUM) providing global credit investing strategies including high-yield credit, direct lending, structured credit, and asset-based finance; and a Real Estate platform ($39B AUM) providing diversified thematic real estate investing across multifamily, industrial, hospitality, and residential development. The firm manages institutional fund vehicles and raises capital from large institutional investors including pension funds, sovereign wealth funds, insurance companies, and endowments.
Is Angelo Gordon a public or private company?
Angelo Gordon is a private company. It is classified as corporate owned and is currently operating.
When was Angelo Gordon founded?
Angelo Gordon was founded in 1988. It employs 501 to 1,000 people.
Where is Angelo Gordon based?
Angelo Gordon is headquartered in New York, United States, in the North America region.
How does Angelo Gordon make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are performance Fees (Carried Interest).
Who are Angelo Gordon's main competitors?
Direct peers on record are Blackstone, Apollo Global Management, KKR, Ares Management, Brookfield Asset Management, Oaktree Capital Management, Carlyle Group, HPS Investment Partners and Starwood Capital Group. Bain Capital is listed as a broad incumbent.
Does Angelo Gordon have an API?
No public API is recorded for Angelo Gordon.
What industry is Angelo Gordon in?
Angelo Gordon's product category is Alternative Asset Management. Its primary akta.pro industry code is FSAHAJAF, Direct Lending — Specialty Finance (Consumer/SME Lending Platforms), with a secondary code of FSAAABAI, Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit). Its NAICS code is 523940 and its SIC code is 6282.