 | |
| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | May 2024 in Chicago, Illinois, United States |
| Founders | |
| Headquarters | |
Area served | Worldwide |
Key people |
|
| Subsidiaries | TWG Global subsidiaries |
| Website | twgglobal |
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.
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. [5] [ non-primary source needed ]
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. [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]
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]
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]
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] Dan Towriss, CEO of Guggenheim subsidiary Group 1001, was named the organization's CEO. [29] [ non-primary source needed ]
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. [30] [ needs update ]