A private equity firm, TPG, is re-entering the talent business with the launch of a new company that will focus on talent management, representation, and related industries. After selling its stake in CAA to François-Henri Pinault, TPG is now investing in a diversified global business centered on talent management. The new company’s first investment will be in Untitled Entertainment, a talent management firm led by Jason Weinberg and Stephanie Simon. Both will continue as co-CEOs of Untitled and will roll a significant portion of their equity into the new venture.
TPG has $224 billion under management and is leveraging its experience in partnering with industry leaders to create a robust talent representation company. With the resources and capabilities to benefit managers and talent, the new venture aims to scale effectively and foster growth across various talent verticals through strategic investments.
Michel Pratte from Boat Rocker Media will serve as CEO of the new company, with Eric Taitz as COO. Pratte highlighted the need for proactivity and access to innovative tools in the evolving entertainment industry, stating that the new company will empower talent to achieve their career goals. The move by TPG into the talent business marks a significant expansion into the entertainment industry following its exit from CAA.