TWG Global
| Company type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | 2025 |
| Founder | Mark Walter |
| Headquarters | Chicago and New York City , United States |
Key people | Mark Walter (CEO and co-chairman), Thomas Tull (co-chairman) |
| Products | Investments in AI, financial services, insurance, technology, sports and entertainment, energy, merchant banking |
| Owner | Mark Walter (21%) |
| Parent | Guggenheim Partners (principal investment capital source) |
TWG Global Holdings, LLC is a U.S.-based multinational conglomerate holding entity with headquarters located in both Chicago and New York City. The company is guided by Mark Walter, co-founder and CEO of Guggenheim Partners, alongside investor Thomas Tull. TWG functions as an investment partnership dedicated to pursuing innovative ventures in the field of AI.
History
The inception of TWG Global was initiated by Mark Walter to serve as a holding company for his varied investment portfolio. In 2025, Thomas Tull joined the firm as co-chairman, bringing his expertise from Tulco, his own holding group active in AI and machine learning investments since 2018.
As a diversified conglomerate, TWG holds stakes across seven sectors: financial services, insurance, artificial intelligence, technology, sports and entertainment, energy, and merchant banking. Mark Walter acts as CEO and co-chairman alongside Tull, maintaining a 21% ownership interest in the company.
Artificial intelligence
The primary purpose behind establishing TWG Global was to foster partnerships and make investments within the realm of artificial intelligence.
In February 2025, TWG became one of the six founding corporate members of the Generative AI Impact Consortium at MIT.
By March 2025, TWG had formed a collaboration with Palantir Technologies to create commercial AI solutions tailored for financial services, focusing on retail clients at smaller banking institutions. Having utilized Palantir’s software since 2024, TWG intends to showcase how a unified AI platform can outperform multiple external integrations for customers in finance and insurance.
In May 2025, XAI joined forces with TWG and Palantir to enhance AI modeling and computational capabilities, aiming to accelerate AI adoption throughout the financial services sector.
Financial services
TWG controls several financial services companies through its subsidiary Delaware Life Holdings, LLC, which includes ownership of Group 1001 Insurance. Guggenheim Partners (comprising Guggenheim Investments and Guggenheim Securities) acts as the principal source of investment capital for TWG.
In April 2025, Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, pledged $10 billion in fresh capital injections into TWG Global, establishing a strategic partnership between these organizations.
Sports
In 2012, Guggenheim Baseball Management acquired the Los Angeles Dodgers baseball team of Major League Baseball for $2.15 billion. Two years later, Sparks LA Sports purchased the Los Angeles Sparks franchise competing in the Women's National Basketball Association.
In 2022, BlueCo completed the £4.25 billion acquisition of Premier League club Chelsea F.C.. The subsequent year saw BlueCo broaden its sports holdings by acquiring RC Strasbourg Alsace from France's top-tier league, Ligue 1.
In 2025, Mark Walter secured majority ownership in the Los Angeles Lakers basketball team competing in the National Basketball Association, with the franchise valued at $10 billion.
Motorsports
In November 2024, TWG took full control of American racing outfit Andretti Global, which included ownership of the then-named Andretti Cadillac Formula 1 team. At that time, the team had not yet received approval from the Formula One Group to enter the 2026 Formula One World Championship. Later that month, TWG announced that approval had been granted for participation in 2026 under a reorganized structure known as the Cadillac Formula 1 Team.
On February 26, 2025, TWG Global unveiled its motorsports division, TWG Motorsports, tasked with overseeing all racing operations spanning F1, INDYCAR, NASCAR, and IMSA series. This unit is headed by Dan Towriss, formerly CEO of Group 1001 Insurance (a subsidiary under Guggenheim).
TWG Motorsports will manage the Cadillac Formula 1 Team in collaboration with General Motors, following Michael Andretti’s exit from the program at the conclusion of 2024.