TPG and Jackson Financial close strategic partnership deal

TPG Inc. (NASDAQ: TPG) and Jackson Financial Inc. (NYSE: JXN) completed their previously announced long-term strategic investment management partnership, the companies said in a statement.

Under the agreement, TPG will manage a minimum of $12 billion in assets under management for Jackson, with economic incentives aligned to a long-term target of $20 billion. The non-exclusive arrangement includes a 10-year initial term with automatic one-year renewals through year 15, focusing initially on Investment Grade Asset Based Finance and Direct Lending.

As part of the transaction, TPG made a $500 million minority investment in Jackson, acquiring 4,715,554 shares representing approximately 6.5% common equity stake. Jackson received 2,279,109 shares of TPG Class A common stock through a wholly owned subsidiary.

"Our partnership with Jackson is a testament to the power of our franchise, our differentiated credit capabilities, and the investment expertise that we've built over decades," said Jon Winkelried, TPG's Chief Executive Officer.

Laura Prieskorn, Jackson's President and Chief Executive Officer, said the collaboration "reflects a strong cultural alignment and shared commitment to innovation, disciplined execution, and delivering meaningful value to our clients."

TPG, founded in 1992, manages $303 billion in assets across private equity, impact, credit, real estate, and market solutions strategies. Jackson operates as a retirement services firm specializing in annuity products.

The partnership was initially announced by both companies on January 6, 2026, according to the statement.

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