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In addition to a new color scheme, logo and updated website, there will be a drive toward hyper-personalization and management of alternative investments.
CEO Peter Mallouk will keep his majority stake and continue to lead the firm. TPG will join General Atlantic, which made its own minority investment in the firm in 2020.
The commission alleged two advisors defrauded clients by allocating unprofitable trades into their accounts, netting millions in "illicit" profits for themselves.
The changing rate environment should create a more attractive exit environment for existing private equity investments, as well as fuel new acquisitions.