Sky News reports that TPG is close to striking a deal to purchase UnitedHealth’s Optum UK business for between £1.2 billion and £1.4 billion. The acquisition would mark TPG’s largest entry into the UK healthcare services market to date, adding a network of primary care clinics, pharmacy services and data analytics capabilities that serve more than 1 million patients annually. Investors may view this transaction as a strategic move to diversify TPG’s middle-market platform, leveraging Optum’s recurring revenue streams and strengthening its position in European health-tech assets.

In a joint announcement with Lennar Corporation, TPG Real Estate has acquired a majority interest in Quarterra and committed an additional $1 billion to fuel the platform’s growth. Since its founding in 2011, Quarterra has delivered over 43,000 rental residences and maintains a development pipeline of approximately 13,000 units. Under the recapitalization, Lennar retains a minority stake and will continue to provide construction and operational synergies. TPG and Lennar will collaborate on the “Emblem communities” strategy, targeting attainable Class A housing in high-growth U.S. markets. Brad Greiwe remains as CEO, tasked with scaling the platform’s institutional footprint and addressing the nationwide shortfall in accessible rental housing.

TPG Inc. and Jackson Financial have entered a long-term strategic investment management agreement under which TPG will manage a minimum of $12 billion of assets for Jackson, with incentives aligned to grow that figure to $20 billion. Concurrently, TPG will make a $500 million minority investment in Jackson, representing a pro forma 6.5% ownership stake, including an initial allocation of $150 million in TPG shares. The partnership focuses on investment-grade asset-based finance and direct lending, enhancing TPG’s credit origination momentum while bolstering Jackson’s strategic growth initiatives. The transaction is expected to close in the first quarter of 2026, subject to customary conditions.