TWG Global

American multinational conglomerate holding company From Wikipedia, the free encyclopedia

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.

Company typePrivate
IndustryConglomerate
FoundedMay 2024; 1 year ago (2024-05) in Chicago, Illinois, United States
Founders
Quick facts Company type, Industry ...
TWG Global Holdings, LLC
Company typePrivate
IndustryConglomerate
FoundedMay 2024; 1 year ago (2024-05) in Chicago, Illinois, United States
Founders
Headquarters
Area served
Worldwide
Key people
SubsidiariesTWG Global subsidiaries
Websitetwgglobal.com
Close

History

TWG Global was founded by Guggenheim Partners co-founder and CEO Mark Walter as an investment vehicle and holdings company for his investments in multiple industries such as insurance, AI technologies, sports, entertainment, corporate finance, and more.[1][2] Walter owns 21% of the company as of November 2024.[3] Thomas Tull joined the group as co-chairman in 2025, after running AI and machine learning focused holding group Tulco.[4][5]

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.[4]

In February 2025, TWG Global became one of six founding corporate members in the Generative AI Impact Consortium at MIT.[6] In March 2025, TWG Global partnered with Palantir Technologies to create commercial AI tools for financial services companies.[7][8] In May 2025, XAI joined the partnership with TWG and Palantir.[9]

Financial services

TWG owns multiple financial services companies under its subsidiary Delaware Life Holdings, LLC, including Group 1001 Insurance[10][11][12][non-primary source needed] and Guggenheim Partners (Guggenheim Investments and Guggenheim Securities).[13]

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.[14]

Sports

In 2012, Guggenheim Baseball Management bought the Los Angeles Dodgers of the Major League Baseball for $2.15 billion.[15][16] In 2014, Sparks LA Sports bought the Los Angeles Sparks of the Women's National Basketball Association.[17][18]

In 2022, BlueCo bought the Chelsea F.C. of the Premier League.[19][20] In 2023, BlueCo bought RC Strasbourg Alsace of the Ligue 1.[21]

In 2025, Walter bought a majority stake of the Los Angeles Lakers of the National Basketball Association at a $10 billion team valuation.[22][23][2]

Motorsports

TWG announced in November 2024, that it had acquired full ownership of American auto racing team Andretti Global.[24] 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.[25] 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.[26][24][27]

On February 26, 2025, TWG Global announced the formation of a subsidiary known as TWG Motorsports to run TWG Global's motorsports organizations.[28][29] Dan Towriss, CEO of Guggenheim subsidiary Group 1001, was named the organization's CEO.[30][31]

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.[32][needs update]

Subsidiaries and affiliates

References

External links

Related Articles

Wikiwand AI