TWG Global Holdings, LLC is an American multinational conglomerate holding company with headquarters in Chicago and New York City. It is led by Guggenheim Partners co-founder and CEO Mark Walter and investor and businessman Thomas Tull.
History
TWG Global was founded by Guggenheim Partners co-founder and CEO Mark Walter as an investment vehicle and holdings company for his investments in multiple industries such as insurance, AI technologies, sports, entertainment, corporate finance, and more.[1][2] Walter owns 21% of the company as of November 2024.[3] Thomas Tull joined the group as co-chairman in 2025, after running AI and machine learning focused holding group Tulco.[4][5]
TWG is a conglomerate invested in seven different industries which include; financial services, insurance, artificial intelligence, technology, sports and entertainment, energy and merchant banking.
Artificial intelligence
TWG Global was created to form partnerships and make investments in artificial intelligence.[4]
In February 2025, TWG Global became one of six founding corporate members in the Generative AI Impact Consortium at MIT.[6] In March 2025, TWG Global partnered with Palantir Technologies to create commercial AI tools for financial services companies.[7][8] In May 2025, XAI joined the partnership with TWG and Palantir.[9]
Financial services
TWG owns multiple financial services companies under its subsidiary Delaware Life Holdings, LLC, including Group 1001 Insurance[10][11][12] and Guggenheim Partners (Guggenheim Investments and Guggenheim Securities).[13]
In April 2025, Abu Dhabi sovereign wealth fund Mubadala Investment Company and TWG Global formed a partnership, with TWG Global purchasing a 5% stake of Mubadala Capital and Mubadala Capitala committing a $10 billion syndicated investment in TWG Global.[14]
Sports
In 2012, Guggenheim Baseball Management bought the Los Angeles Dodgers of the Major League Baseball for $2.15 billion.[15][16] In 2014, Sparks LA Sports bought the Los Angeles Sparks of the Women's National Basketball Association.[17][18]
In 2022, BlueCo bought the Chelsea F.C. of the Premier League.[19][20] In 2023, BlueCo bought RC Strasbourg Alsace of the Ligue 1.[21]
In 2025, Walter bought a majority stake of the Los Angeles Lakers of the National Basketball Association at a $10 billion team valuation.[22][23][2]
Motorsports
TWG announced in November 2024, that it had acquired full ownership of American auto racing team Andretti Global.[24] 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.[25] Later that month, 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.[26][24][27]
On February 26, 2025, TWG Global announced the formation of a subsidiary known as TWG Motorsports to run TWG Global's motorsports organizations.[28][29] Dan Towriss, CEO of Guggenheim subsidiary Group 1001, was named the organization's CEO.[30][31]
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.[32] TWG Motorsports along with General Motors formed TWG GM Performance Power Units LLC in 2025, an operation that will be the official power unit supplier for Formula 1's Cadillac team in the 2029 season and onwards.[33]
Subsidiaries and affiliates
• 2929 Entertainment
• Acrisure
• AXS TV
• BIA
• BPG Sports
• Cadillac Formula 1 Team
• Dallas Mavericks
• Footprint
• Group 1001
• Guggenheim Investments
• Guggenheim Securities
• HBSE
• HDNet Movies
• Hubbard Communications
• Logitech
• Los Angeles Dodgers
• Los Angeles Lakers
• Los Angeles Sparks
• Magnolia Pictures
• Ovation (American TV channel)
• Plus Power[34]
• REELZChannel
• SEIA
• Soft Sheen Products
• Slate Auto
• Tampa Bay Rays
• Teton Ridge[35]
• The Very Group
• Time Warner Medialab
• Truly Indie
• TWG AI
• TWG Motorsports
External links
References
- TWG Global Massinvestor, retrieved 2025-03-01^
- Todd Spangler. NBA Approves Mark Walter’s $10 Billion Deal for L.A. Lakers Variety, 2025-10-30, retrieved 2026-03-18^
- Bloomberg Billionaires Index: #231 Mark Walter Bloomberg, retrieved 2025-02-13^
- Antoine Gara, Tabby Kinder. Billionaire duo launches $15bn joint venture for AI-driven deals Financial Times, 2025-05-06, retrieved 2025-07-03^
- Tom Metcalf. Billionaire Who Helped Dark Knight Rise Goes All-In on AI Bloomberg, June 15, 2018, retrieved July 3, 2025^
- Liam McDonnell. Introducing the MIT Generative AI Impact Consortium MIT News, February 3, 2025, retrieved July 15, 2025^
- Georgia Hall. Palantir to Expand AI Across Financial Firms Through TWG Venture Bloomberg, March 5, 2025, retrieved 2025-07-14^
- Andrew Edgecliffe-Johnson. New Palantir venture targets finance industry's AI spending Semafor, March 5, 2025, retrieved July 14, 2025^
- Musk's xAI joins TWG Global, Palantir for AI push in financial sector Reuters, 2025-05-06, retrieved 2025-07-14^
- Organization Chart of the Registrant, the Depositor and DLIC Holdings, LLC SEC, retrieved 2025-03-01^
- Organization Chart of Delaware Life Holdings Parent, LLC SEC, retrieved 2025-03-01^
- Delaware Life Holdings Parent II LLC - Company Profile Bloomberg, retrieved March 1, 2025^
- Gene Maddaus. Who Is Dodgers Owner Mark Walter and Where Did He Get All That Money? LA Weekly, 2015-10-06, retrieved 2025-03-01^
- Nicolas Parasie. TWG Takes Stake in Mubadala Capital With $2.5 Billion Commitment Bloomberg, April 30, 2025, retrieved 2025-07-14^
- Who spent what: Breaking down the $2-billion Dodgers sale Los Angeles Times, 2012-12-16, retrieved 2025-03-01^
- Bill Shaikin. Dodgers sale closes; McCourt era ends Los Angeles Times, May 1, 2012, retrieved 2019-09-18^
- Melissa Rohlin. Magic Johnson and other Dodgers owners purchase the Sparks Los Angeles Times, 2014-02-05, retrieved 2025-03-01^
- Alex Ben Block. Magic Johnson and Mark Walter Lead Acquisition of L.A. Sparks The Hollywood Reporter, 2014-02-05, retrieved 2025-06-28^
- Group Tax Strategy Chelsea F.C., retrieved 4 April 2023^
- Chelsea takeover: Todd Boehly's £4.25bn bid approved by government as Roman Abramovich era set to end Sky Sports, 25 May 2022, retrieved 25 May 2022^
- Chelsea owners buy majority stake in Strasbourg BBC Sport, retrieved 2023-06-30^
- Sources: Buss family to sell Lakers at $10B valuation. ESPN.com, 2025-06-18, retrieved 2025-06-18^
- NBA Board of Governors approves sale of majority interest in Lakers to Mark Walter NBA.com, October 30, 2025, retrieved October 30, 2025^
- Nathan Brown. Andretti Global parent company unveils longtime NASCAR executives as new leaders The Indianapolis Star, retrieved 2025-03-01^
- Joseph Wolkin. Andretti Global Clears FIA Approval To Create A Formula 1 Team Forbes, retrieved 2025-03-01^
- Luke Smith. General Motors enters the grid: Why F1 changed its tune after rejecting Andretti The New York Times, December 2024, retrieved 2025-03-01^
- GM, Cadillac agree deal for new 2026 F1 entry - Andretti absent The Race, 2024-11-25, retrieved 2025-03-01^
- TWG Global Announces Huge Expansion In NASCAR With TWG Motorsports Newsweek, 2025-02-25, retrieved 2026-03-18^
- RJ O'Connell. TWG Global officially launches TWG Motorsports Racer, 25 February 2025^
- Andrew Walker. Dan Towriss, ’94: Ball State Alum Leading Group 1001, Gainbridge, and Global Motorsports Ball State Magazine, 2025-09-29, retrieved 2026-03-18^
- gabbyhamill. TWG Global launches TWG Motorsports with brands across F1, INDYCAR, NASCAR, Formula E and IMSA Andretti Global, 2025-02-26, retrieved 2025-03-01^
- Luke Smith. Cadillac gets final approval to join F1 grid as 11th team in 2026 The New York Times, 2025-03-07, retrieved 2025-07-03^
- Laurence Edmondson. General Motors approved as F1 engine supplier for 2029 to power Cadillac ESPN.com, 2025-04-23, retrieved 2026-03-24^
- TWG Hires Top Biden Middle East Envoy Hochstein for AI, Energy Bloomberg^
- Teton Ridge Acquires The Cowboy Channel, The Cowgirl Channel, Expands Western Sports Footprint Forbes^