Press release
TPG Names Recently Established Entertainment Company “Initial Group” and Acquires Grandview in Partnership with Untitled Entertainment
Transaction Builds Strong Momentum for the Company, Significantly Scaling its Management Business and Expanding its Global Presence SAN FRANCISCO--(BUSINESS
About this update from Tpg Inc.
[{"type":"text","content":"\nTransaction Builds Strong Momentum for the Company, Significantly Scaling its Management Business and Expanding its Global Presence\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nTPG (NASDAQ: TPG), a leading global alternative asset management firm, today announced that its previously established talent-centric entertainment company (the “Company”) will be named “Initial Group.” Concurrent with this announcement, leading Hollywood literary management firm Grandview (“Grandview”) has been acquired and will be combined under the banner of Untitled Entertainment (“Untitled”), the Company’s first investment in June 2024. This transaction significantly bolsters Untitled’s scale and capabilities in literary representation, while empowering the current Grandview team as they join Untitled and the broader Initial Group platform.\n\nUntitled’s Founding Partners, Jason Weinberg and Stephanie Simon, will be joined by newly named Managing Partners Jeff Silver and Matt Rosen, who co-founded Grandview. In addition, Grandview’s Merideth Bajana, Jeremy Platt, and Ben Rowe will join Untitled Partners Evan Hainey, Elise Konialian, Jennifer Levine, Jason Newman, Steven Nossokoff, and Alissa Vradenburg.\n\n“Today’s announcement underscores the strength of our growing platform and our ability to attract the most visionary representatives in the entertainment industry,” said Michel Pratte, Initial Group CEO. “In partnership with TPG and Jason, Stephanie, and the entire Untitled team, I am excited to welcome Matt, Jeff, and the Grandview family to the Initial Group.”\n\n“In partnering with TPG and Michel earlier this year, we identified an opportunity that will allow us to expand our client offerings and develop new avenues for collaboration,” said Weinberg and Simon. “In Matt and Jeff, we found industry leaders in literary management, combined with a robust and exciting culture that they have fostered and that has attracted some of the most forward-thinking representatives over the past decade. We are excited to collaborate with the entire Grandview team and client roster in the years ahead.”\n\n“Ten years ago, we started Grandview to build a home for artists and those who represent them,” added Silver and Rosen. “We are incredibly proud of the culture that we’ve created, the support we’ve received from the community, and the storytellers that we’ve worked ...