ENTOURAGE: CPPIB and GIC Invest in WME Agency

Asset owners have been putting money to work in the talent agency business. For example, TPG Capital in 2015, owned more than 50% of Creative Artists Agency LLC. WME | IMG (WME), a U.S. talent agency with ties to the entertainment, sports and fashion segments, received a roughly US$ 1 billion investment from Singapore’s GIC Private Limited and the Canada Pension Plan Investment Board (CPPIB). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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