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TWG Global

American multinational conglomerate holding company From Wikipedia, the free encyclopedia

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"TWG Global Holdings" redirects here. For other uses, see TWG (disambiguation).

TWG Global Holdings, LLC is an American multinational conglomerate holding company with headquarters in Chicago and New York City. It is run by Guggenheim Partners co-founder and CEO Mark Walter, and investor and businessman Thomas Tull, as an investment partnership to explore new business opportunities with AI.[2][3]

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History

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.[4] Thomas Tull joined the group as co-chairman in 2025, after running a separate holding group, Tulco, which has been investing and building AI and machine learning tools since 2018.[3][5]

TWG is a conglomerate invested in six different industries which include; financial services, insurance, artificial intelligence, technology, sports and entertainment, and merchant banking.[6]

Walter is the chief executive officer and co-chairman of TWG alongside Thomas Tull, who also serves as co-chairman. Walter owns 21% of the company.[7]

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AI

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.[8]

In March 2025, TWG Global partnered with Palantir Technologies to create more commercial AI tools that can be used across financial services companies, including retail customers at small banks. TWG has been using the Palantir software since 2024, and expects to show financial and insurance partners how the centralized AI system can be used more successfully than multiple outside plug-ins.[9][10][11]

In May 2025, XAI joined the partnership with TWG and Palantir, which will introduce new models and computing capability into the goal of establishing AI capabilities across financial services.[11]

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Financial services

TWG owns multiple financial services companies under its subsidiary Delaware Life Holdings, LLC including Group 1001 Insurance.[2][12][13] TWG is affiliated with Guggenheim Partners (Guggenheim Investments and Guggenheim Securities), as they are the primary source of investment capital for the company.[14][15]

In April 2025, the Mubadala Investment Company, a sovereign wealth fund from Abu Dhabi, committed $10 billion of new investment into TWG Global as part of a new alliance between the two groups.[16][17]

Sports & entertainment

TWG owns and/or has stakes of several sports teams and franchises including the Los Angeles Dodgers, Los Angeles Lakers, Los Angeles Sparks, Chelsea F.C., and RC Strasbourg Alsace.[18][19][20][21][22]

Motorsports

TWG announced in November 2024, that it had acquired full ownership of American auto racing team Andretti Global.[23] 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.[24] However also in November 2024, 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.[25][23][26]

On February 26, 2025, TWG Global announced the formation of a subsidiary known as TWG Motorsports and it runs all of TWG Global's motorsports organizations.[27] The new company is led by long time Group 1001 Insurance CEO (a Guggenheim subsidiary) Dan Towriss.[28]

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.[29]

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Subsidiaries and affiliates

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References

External links

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