For purposes of this brochure, “we,” “us” and “our” refer to TPG Angelo Gordon, together (where the context permits) with our related persons that are relying advisers and provide investment advisory services to the Clients (as defined below) and our related persons that serve as general partners of the Clients. Advisory Clients. We offer investors the opportunity to participate in our investment strategies primarily through investment in limited partnerships and other collective or pooled investment vehicles, separately managed accounts (“SMAs”) on a fully discretionary basis, funds of one (collectively, “Client Funds”), collateralized loan obligation vehicles (“CLOs”), and a publicly traded REIT (together, with Client Funds, the “Clients”). Some Client Funds are sponsored and administered by us, while others are administered by third parties. Our SMAs are generally institutional clients and our Client Funds are generally exempt from the definition of investment company under Section 3(c)(7) of the Investment Company Act of 1940. Requirements for opening or maintaining accounts with us differ based on the applicable strategy and other factors in our discretion. Accordingly, we reserve the right to adjust account size minimum with respect to any Client as deemed appropriate in light of the overall facts and circumstances. Organization. TPG Angelo Gordon was formed as a Delaware limited partnership in 1988, and, as of November 1, 2023, was acquired by a private investment firm originally founded in 1992, which we refer to, together with its related persons, including us, as “TPG.” In addition, TPG Angelo Gordon is an indirect subsidiary of TPG Inc. (the “Public Company”), whose Class A common stock is listed on Nasdaq under the symbol “TPG.” The Public Company qualifies as a “controlled company” within the meaning of Nasdaq’s corporate governance standards. Each share of the Public Company’s Class A common stock generally entitles its holder to one vote and each share of Class B common stock entitles its holder to ten votes. TPG Group Holdings (SBS), L.P., Alabama Investments (Parallel), LP, Alabama Investments (Parallel) Founder A, LP and Alabama Investments (Parallel) Founder GP, LP collectively hold a majority of the Public Company’s outstanding voting power by virtue of their ownership of Class B common stock, which voting power is exercised by the Control Group as the members of TPG GP A, LLC, the ultimate general partner of these vehicles. The “Control Group” currently consists of David Bonderman, James Coulter and Jon Winkelried. Additional information about the Public Company is available in its current public filings with the SEC. Unless specifically stated otherwise, references in this brochure to “we,” “us” and “our” do not

include the Public Company. The term “investors” as used herein does not reference stockholders of the Public Company. Nature of Advisory Services. As an investment adviser, we identify investment opportunities and participate in the acquisition, management, monitoring and disposition of investments in the credit and real estate space. We specialize in global alternative (non-traditional) investments with an absolute return orientation. We manage capital across our Credit and Real Estate strategies. Specifically, our Credit Strategy includes: (i) Distressed & Corporate Special Situations; (ii) Performing Credit; (iii) Structured Credit; (iv) Middle Market Direct Lending; and (v) Multi-Strategy Platform. Our Real Estate Strategy includes: (i) Global Private Equity Real Estate; (ii) Commercial Real Estate Debt; and (iii) Net Lease Real Estate. Advisory Services and Related Agreements. We generally provide investment advisory services to each Client pursuant to a separate investment advisory agreement, each of which we refer to as an “Advisory Services Agreement.” Each Client’s Advisory Services Agreement sets forth the terms of the investment advisory services we provide to the Client, including any specific investment guidelines or restrictions. Investment guidelines for each Client, if any, are generally established in its organizational or offering documents, including the Advisory Services Agreement, and/or side letter agreements negotiated with its investors. With respect to Clients that are pooled investment vehicles, we provide investment advice directly to the Clients, and not individually to the investors in the Clients. We generally permit SMA clients to place restrictions on their accounts with respect to: (1) the specific type of investments or asset classes that we will or will not purchase; (2) the nature of the issuers of investments that we will or will not purchase (e.g., specific industries or sectors); (3) the risk profile of instruments we will or will not purchase; or (4) the risk profile of the SMA as a whole. Otherwise, as in the case where we serve as the investment adviser to a Client Fund, investment objectives, guidelines, and any investment restrictions are described in the relevant offering documents and generally are not tailored to the needs of specific investors in the vehicle, unless the vehicle is structured as a single investor “fund-of-one.” As described more fully in Item 11 below, we and our Related Advisers (as defined below) routinely enter into side letter agreements with certain investors in the Clients providing such investors with customized terms. Amount of Client Assets. As of December 31, 2023, we managed on a discretionary basis a total of approximately $83,690,397,248 of client assets.