TWG Global

"TWG Global Holdings" redirects here. For other uses, see TWG (disambiguation).

TWG Global Holdings, LLC
Company typePrivate
IndustryConglomerate
FoundedMay 2024 (2024-05) in Chicago, Illinois, United States
Founders
Headquarters
Area served
Worldwide
Key people
SubsidiariesTWG Global subsidiaries
Websitetwgglobal.com

TWG Global Holdings, LLC is an American multinational conglomerate holding company with headquarters in Chicago and New York City. It is led by Guggenheim Partners co-founder and CEO Mark Walter and investor and businessman Thomas Tull.

History

TWG Global was founded by Guggenheim Partners co-founder and CEO Mark Walter as an investment vehicle and holdings company for his various investments in multiple industries.[1] Walter owns 21% of the company as of November 2024.[2] Thomas Tull joined the group as co-chairman in 2025, after running AI and machine learning focused holding group Tulco.[3][4]

TWG is a conglomerate invested in seven different industries which include; financial services, insurance, artificial intelligence, technology, sports and entertainment, energy and merchant banking.

Artificial intelligence

TWG Global was created to form partnerships and make investments in artificial intelligence.[3]

In February 2025, TWG Global became one of six founding corporate members in the Generative AI Impact Consortium at MIT.[5] In March 2025, TWG Global partnered with Palantir Technologies to create commercial AI tools for financial services companies.[6][7] In May 2025, XAI joined the partnership with TWG and Palantir.[8]

Financial services

TWG owns multiple financial services companies under its subsidiary Delaware Life Holdings, LLC, including Group 1001 Insurance[9][10][11] and Guggenheim Partners (Guggenheim Investments and Guggenheim Securities).[12]

In April 2025, Abu Dhabi sovereign wealth fund Mubadala Investment Company and TWG Global formed a partnership, with TWG Global purchasing a 5% stake of Mubadala Capital and Mubadala Capitala committing a $10 billion syndicated investment in TWG Global.[13]

Sports

In 2012, Guggenheim Baseball Management bought the Los Angeles Dodgers of the Major League Baseball for $2.15 billion.[14][15] In 2014, Sparks LA Sports bought the Los Angeles Sparks of the Women's National Basketball Association.[16][17]

In 2022, BlueCo bought the Chelsea F.C. of the Premier League.[18][19] In 2023, BlueCo bought RC Strasbourg Alsace of the Ligue 1.[20]

In 2025, Walter bought a majority stake of the Los Angeles Lakers of the National Basketball Association at a $10 billion team valuation.[21][22]

Motorsports

TWG announced in November 2024, that it had acquired full ownership of American auto racing team Andretti Global.[23] The acquisition included the then named Andretti Cadillac Formula 1 team, which at the time, had not been given approval to compete in the 2026 Formula One World Championship by the Formula One Group.[24] Later that month, TWG announced that it had been approved by the Formula One Group to compete in 2026 under a new restructured team known as the Cadillac Formula 1 Team.[25][23][26]

On February 26, 2025, TWG Global announced the formation of a subsidiary known as TWG Motorsports to run TWG Global's motorsports organizations.[27] Dan Towriss, CEO of Guggenheim subsidiary Group 1001, was named the organization's CEO.[28]

TWG Motorsports will lead the Cadillac Formula 1 Team with General Motors, after Michael Andretti stepped down from the program at the end of 2024.[29]

Subsidiaries and affiliates

References

  1. ^ "TWG Global". Massinvestor. Retrieved March 1, 2025.
  2. ^ "Bloomberg Billionaires Index: #231 Mark Walter". Bloomberg. Archived from the original on November 7, 2024. Retrieved February 13, 2025.
  3. ^ a b Gara, Antoine; Kinder, Tabby (May 6, 2025). "Billionaire duo launches $15bn joint venture for AI-driven deals". Financial Times. Retrieved July 3, 2025.
  4. ^ Metcalf, Tom (June 15, 2018). "Billionaire Who Helped Dark Knight Rise Goes All-In on AI". Bloomberg. Archived from the original on June 7, 2021. Retrieved July 3, 2025.
  5. ^ McDonnell, Liam (February 3, 2025). "Introducing the MIT Generative AI Impact Consortium". MIT News. Retrieved July 15, 2025.
  6. ^ Hall, Georgia (March 5, 2025). "Palantir to Expand AI Across Financial Firms Through TWG Venture". Bloomberg. Archived from the original on March 5, 2025. Retrieved July 14, 2025.
  7. ^ Edgecliffe-Johnson, Andrew (March 5, 2025). "New Palantir venture targets finance industry's AI spending". Semafor. Retrieved July 14, 2025.
  8. ^ "Musk's xAI joins TWG Global, Palantir for AI push in financial sector". Reuters. May 6, 2025. Retrieved July 14, 2025.
  9. ^ "Organization Chart of the Registrant, the Depositor and DLIC Holdings, LLC". SEC. Retrieved March 1, 2025.
  10. ^ "Organization Chart of Delaware Life Holdings Parent, LLC". SEC. Retrieved March 1, 2025.
  11. ^ "Delaware Life Holdings Parent II LLC - Company Profile". Bloomberg. Retrieved March 1, 2025.
  12. ^ Maddaus, Gene (October 6, 2015). "Who Is Dodgers Owner Mark Walter and Where Did He Get All That Money?". LA Weekly. Retrieved March 1, 2025.
  13. ^ Parasie, Nicolas; Nair, Dinesh (April 30, 2025). "TWG Takes Stake in Mubadala Capital With $2.5 Billion Commitment". Bloomberg. Archived from the original on May 7, 2025. Retrieved July 14, 2025.
  14. ^ "Who spent what: Breaking down the $2-billion Dodgers sale". Los Angeles Times. December 16, 2012. Retrieved March 1, 2025.
  15. ^ Shaikin, Bill (May 1, 2012). "Dodgers sale closes; McCourt era ends". Los Angeles Times. Retrieved September 18, 2019.
  16. ^ Rohlin, Melissa (February 5, 2014). "Magic Johnson and other Dodgers owners purchase the Sparks". Los Angeles Times. Retrieved March 1, 2025.
  17. ^ Block, Alex Ben (February 5, 2014). "Magic Johnson and Mark Walter Lead Acquisition of L.A. Sparks". The Hollywood Reporter. Retrieved June 28, 2025.
  18. ^ "Group Tax Strategy". Chelsea F.C. Archived from the original on April 5, 2023. Retrieved April 4, 2023.
  19. ^ "Chelsea takeover: Todd Boehly's £4.25bn bid approved by government as Roman Abramovich era set to end". Sky Sports. May 25, 2022. Archived from the original on May 25, 2022. Retrieved May 25, 2022.
  20. ^ "Chelsea owners buy majority stake in Strasbourg". BBC Sport. Retrieved June 30, 2023.
  21. ^ "Sources: Buss family to sell Lakers at $10B valuation". ESPN.com. June 18, 2025. Retrieved June 18, 2025.
  22. ^ "NBA Board of Governors approves sale of majority interest in Lakers to Mark Walter". NBA.com. October 30, 2025. Retrieved October 30, 2025.
  23. ^ a b Brown, Nathan. "Andretti Global parent company unveils longtime NASCAR executives as new leaders". The Indianapolis Star. Retrieved March 1, 2025.
  24. ^ Wolkin, Joseph. "Andretti Global Clears FIA Approval To Create A Formula 1 Team". Forbes. Retrieved March 1, 2025.
  25. ^ Smith, Luke (December 2024). "General Motors enters the grid: Why F1 changed its tune after rejecting Andretti". The New York Times. ISSN 0362-4331. Retrieved March 1, 2025.
  26. ^ "GM, Cadillac agree deal for new 2026 F1 entry - Andretti absent". The Race. November 25, 2024. Retrieved March 1, 2025.
  27. ^ Motorsports, T. W. G. "TWG Global launches TWG Motorsports with brands across F1, INDYCAR, NASCAR and IMSA". www.prnewswire.com (Press release). Retrieved March 1, 2025.
  28. ^ gabbyhamill (February 26, 2025). "TWG Global launches TWG Motorsports with brands across F1, INDYCAR, NASCAR, Formula E and IMSA". Andretti Global. Retrieved March 1, 2025.
  29. ^ Smith, Luke (March 7, 2025). "Cadillac gets final approval to join F1 grid as 11th team in 2026". The New York Times. ISSN 0362-4331. Retrieved July 3, 2025.
  30. ^ "TWG Hires Top Biden Middle East Envoy Hochstein for AI, Energy". Bloomberg.
  31. ^ "Teton Ridge Acquires The Cowboy Channel, The Cowgirl Channel, Expands Western Sports Footprint". Forbes.
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