TPG Credit Management, the alternative credit manager partly owned by private equity firm TPG Capital has changed its name to Castlelake, confirmed Thomas J. Laughran, in an e-mail.
TPG, which helped found the alternative credit firm in 2005, remains a “silent minority partner” in the $2.4 billion firm, Mr. Laughran said.
"We are grateful for TPG Capital's support in our earlier years. Now eight years later, we believe our new name better illustrates our independence and eliminates any market confusion between our businesses," said Rory O'Neill, CEO and managing partner, in a news release.
