09:01 AM EDT, 06/28/2024 (MT Newswires) -- TPG (TPG), an alternative asset manager, has acquired a majority stake in Untitled Entertainment from Boat Rocker Media for 51.6 million Canadian dollars ($37.7 million) in cash and 8.8% equity in TPG's new talent management company, Boat Rocker Media said Friday.

The new company plans "to acquire, invest in, and build a diversified global business centered on talent management, representation, and adjacent verticals," Boat Rocker said.