TPG Re-Enters the Talent Business with Focus on Acquisition, Investment, and Expansion in Global Talent Management

TPG, a private equity giant founded by David Bonderman, is making a comeback in the talent business. Last year, the company sold its stake in CAA to French billionaire François-Henri Pinault. Now, TPG is launching a new venture that will focus on acquiring, investing in, and expanding a global business centered on talent management, representation, and related verticals.

Michel Pratte, the former President of Boat Rocker Media, will serve as the CEO of the new company. Eric Taitz, another former executive at Boat Rocker, will be the COO. The first investment of the new company will be in Untitled Entertainment, a talent management firm led by Jason Weinberg and Stephanie Simon. The pair will remain as co-CEOs of Untitled and will roll a significant portion of their equity into the new venture along with Boat Rocker, which is the majority owner of Untitled.

With $224 billion under management, TPG has plenty of options as it re-enters the talent business after exiting CAA. The company aims to leverage its experience in the field to create a talent representation company that benefits both managers and the talent they serve. Untitled Entertainment is seen as an ideal first partner for this new venture as it aims to scale up and collaborate across various complementary talent verticals with subsequent investments.

The evolving entertainment industry presents new opportunities for ambitious talent and their representatives. According to Pratte, the future of representation requires proactive strategies and access to innovative tools for growth. The new company aims to empower Untitled and other talent-centric businesses to support a diverse group of clients on their path to achieving their highest career goals.

In conclusion, TPG’s return to the talent business promises to bring fresh perspectives and innovative solutions to an ever-changing industry. With Michel Pratte’s leadership and Eric Taitz’s expertise in operations, this new venture is poised for success in acquiring and investing in top talents while creating sustainable growth opportunities for all parties involved.