11:29 AM EDT, 06/05/2025 (MT Newswires) -- TPG's (TPG) credit and real estate investment unit TPG Angelo Gordon will be an anchor investor in a loan package for xAI, Elon Musk's artificial intelligence startup, Bloomberg reported Thursday, citing people with knowledge of the matter.

The debt package includes a floating-rate term loan, a fixed-rate term loan and senior secured notes, Bloomberg previously reported. TPG Angelo Gordon will invest in an unspecified loan, the sources told the news service.

Investment banker Morgan Stanley ( MS ) began pre-marketing for the deal in recent weeks, according to the report.

The companies did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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