Total assets under management of $239 billion
as of September 30, 2024, an increase of 76% compared to $136
billion as of September 30, 2023
GAAP net income attributable to TPG Inc. of $9
million for the third quarter ended September 30, 2024, with basic
net income per share of Class A common stock of $0.04
Fee-Related Earnings of $191 million for the
third quarter ended September 30, 2024, an increase of 22%
year-over-year, resulting in a Fee-Related Earnings margin of
41%
After-tax Distributable Earnings of $189
million (or $0.45 per share of Class A common stock) for the third
quarter ended September 30, 2024
Dividend of $0.38 per share of Class A common
stock for the third quarter ended September 30, 2024
TPG Inc. (NASDAQ: TPG), a leading global alternative asset
management firm, reported its unaudited third quarter 2024 results.
TPG issued a full detailed presentation of its third quarter ended
September 30, 2024 results, which can be viewed through the
Investor Relations section of TPG’s website at
shareholders.tpg.com.
“TPG’s strong third quarter results highlight the broad-based
momentum across our firm,” said Jon Winkelried, Chief Executive
Officer. “We just marked the one-year anniversary of our
acquisition of Angelo Gordon, and we are operating as one firm with
the full force of our combined capabilities. Through the first
three quarters of this year, we have deployed nearly $23 billion of
capital, generated realizations of almost $16 billion, and raised
more than $21 billion across our strategies. Our strong track
record, brand, and the integrated business we’ve built across
private equity, credit, and real estate are clearly resonating with
our clients and other key stakeholders.”
Dividend TPG has declared a quarterly dividend of $0.38
per share of Class A common stock to holders of record at the close
of business on November 14, 2024, payable on December 2, 2024.
Conference Call TPG will host a conference call and live
webcast today at 11:00 am ET. It may be accessed by dialing (800)
245-3047 (US toll-free) or (203) 518-9765 (international), using
the conference ID TPGQ324. The number should be dialed at least ten
minutes prior to the start of the call. A simultaneous webcast will
also be available and can be accessed through the Investor
Relations section of TPG’s website at shareholders.tpg.com. A
webcast replay will be made available on the Events page in the
Investor Relations section of TPG’s website.
About TPG TPG is a leading global alternative asset
management firm, founded in San Francisco in 1992, with $239
billion of assets under management and investment and operational
teams around the world. TPG invests across a broadly diversified
set of strategies, including private equity, impact, credit, real
estate, and market solutions, and our unique strategy is driven by
collaboration, innovation, and inclusion. Our teams combine deep
product and sector experience with broad capabilities and expertise
to develop differentiated insights and add value for our fund
investors, portfolio companies, management teams, and
communities.
Forward Looking Statements; No Offers This document may
contain “forward-looking” statements. Forward-looking statements
can be identified by words such as “anticipates,” “intends,”
“plans,” “seeks,” “believes,” “estimates,” “expects” and similar
references to future periods, or by the inclusion of forecasts or
projections. Examples of forward-looking statements include, but
are not limited to, statements we make regarding the outlook for
our future business and financial performance, estimated
operational metrics, business strategy and plans and objectives of
management for future operations, including, among other things,
statements regarding expected growth, future capital expenditures,
fund performance, dividends and dividend policy, and debt service
obligations.
Forward-looking statements are based on our current expectations
and assumptions regarding our business, the economy and other
future conditions. Because forward-looking statements relate to the
future, by their nature, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict. As a result, our actual results may differ
materially from those contemplated by any forward-looking
statements. Important factors that could cause actual results to
differ materially from those in the forward-looking statements
include the inability to recognize the anticipated benefits of the
acquisition of Angelo Gordon; unexpected costs related to the
integration of the Angelo Gordon business and operations; our
ability to manage growth and execute our business plan; and
regional, national or global political, economic, business,
competitive, market and regulatory conditions, among various other
risks discussed in the Company’s SEC filings.
For the reasons described above, we caution you against relying
on any forward-looking statements, which should be read in
conjunction with the other cautionary statements included elsewhere
in this document and risk factors discussed from time to time in
the Company’s filings with the SEC, which can be found at the SEC’s
website at http://www.sec.gov. Any forward-looking statement in
this document speaks only as of the date of this document. Factors
or events that could cause our actual results to differ may emerge
from time to time, and it is not possible for us to predict all of
them. We undertake no obligation to update or revise any
forward-looking statement after the date of this document, whether
as a result of new information, future developments or otherwise,
except as may be required by law. No recipient should, therefore,
rely on these forward-looking statements as representing the views
of the Company or its management as of any date subsequent to the
date of the document.
This document does not constitute an offer of any TPG Fund.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241103293879/en/
Shareholders Gary Stein 212-601-4750
shareholders@tpg.com
Media Luke Barrett 415-743-1550 media@tpg.com
TPG (NASDAQ:TPG)
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