TPG and CAA commit $250m to new fund backing online creators
TPG has teamed up with Hollywood's most powerful talent agency to bet on the next generation of media moguls, according to Bloomberg.
The private equity firm’s investment arm, Integrated Media Company, and Creative Artists Agency have together pledged $250m to a new venture called Compound Creative Holdings, which will buy and invest in businesses built by online entertainers.
Compound is designed to plug a gap that has long frustrated the creator economy. Although the sector has swell…
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