TPG will buy Angelo Gordon for $2.7 billion. Red Team Presidential candidate Chris Christie's wife worked as a Managing Director for Angelo Gordon until 2015 and continued to receive significant deferred compensation after quitting.
Christie benefited from his insider political status via an $800,000 consulting contract with a pharmaceutical firm. The deal ended when Christie was appointed to the company's board of directors.
Chris Christie formed an investment fund but it had a hard time getting traction in the investment community. Hampshire Christie Qualified Opportunity Fund is a Morristown, NJ real estate fund. A recent SEC filing indicated the fund raised $55 million of a target $250 million. A co-invest fund of the same name raised $3 million.
Christie's board bio for Pacira BioSciences shows his consulting firm.
Christie 55 Solutions, LLC, a consulting firm that assists corporate, government, and association clients with their business strategies and complex public policy and regulatory challenges at the state, federal, and international levels
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Managing Member (March 2018 to present)
Angelo Gordon has a private equity portfolio. It refinanced Benihana in 2018. That story stated:
Angelo Gordon’s Private Equity Group focuses on acquiring businesses and assets with strong management that have the potential for meaningful growth and value creation. The Private Equity Group focuses on two core industry verticals: Retail/Consumer and Financial Services. Since inception, Angelo Gordon’s private equity investment team has sourced and led numerous transactions in these core industries.Private equity underwriter (PEU) TPG Capital will swallow fellow PEU Angelo Gordon.
Politicians Red and Blue love PEU and increasingly, more are one.
