TPG Inc. (TPG) came out with quarterly earnings of $0.48 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4%. A quarter ago, it was expected that this company would post earnings of $0.52 per share when it actually produced earnings of $0.62, delivering a surprise of 19.23%.Over the last four quarters, the company has surpass ...

TPG has declared a quarterly dividend of $0.41 per share of Class A common stock to holders of record at the close of business on May 19, 2025, payable on June 2, 2025. Conference Call TPG will host a conference call and live webcast 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 TPGQ125. 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 ...

Marks Successful Culmination of AMG Partnership WEST PALM BEACH, Fla., May 06, 2025 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced that it has entered into an agreement to sell its equity interest in Peppertree Capital Management, Inc. (“Peppertree”) as part of the announced acquisition of Peppertree by TPG Inc. Founded in 2004 by co-Presidents Ryan Lepene and Howard Mandel, Peppertree is a leading specialized digital infrastructure ...

TPG Inc. (TPG) shares rallied 15.6% in the last trading session to close at $45.87. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 18.4% loss over the past four weeks.TPG Inc. stock surged, driven by a substantial jump in the broad markets. The jump was driven by President Donald Trump’s announcement of a 90-day tariff pause for the non-retaliating nations. This cheered the investors, driving the TPG stock h ...

Core Viewpoint - TPG RE Finance Trust (NYSE: TRTX) has experienced a 12.8% increase over the past year, with its share price reaching $8.54, narrowing the gap to a book value of $11.27 per share [1] Group 1 - The equity market serves as a significant mechanism for wealth creation or destruction over the long term due to daily price fluctuations [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

While TPG Inc. (NASDAQ: TPG ) has a rich history as a leading private equity firm, it has more recently evolved into a fully diversified alternative asset manager. With $246B in total AUM, management has set the goal to double that figureJoseph Jones, professor at The University of Southern Mississippi, has over fifteen years of experience studying the market. He focuses on portfolio construction from a dividend growth investor's perspective. The insights expressed in his research are solely his own; they d ...

Acquisition and Integration - TPG Inc. completed the acquisition of Angelo Gordon on November 1, 2023, with results included in consolidated operations from November 1, 2023, to December 31, 2024[13]. - The company faces risks related to the integration of Angelo Gordon and achieving anticipated benefits from the acquisition[14]. - TPG Inc. completed the acquisition of Angelo Gordon for a total purchase price of $1,143.4 million, which included $740.7 million in cash at closing[949]. - The acquisition included 9.2 million vested Common Units valued at approximately $233.9 million and 43.8 million unvested Common Units considered compensatory under U.S. GAAP[952]. - As of the acquisition date, the total identifiable assets acquired amounted to $2,334.3 million, while total liabilities assumed were $1,392.6 million, resulting in goodwill of $205.9 million[954]. - The Earnout Payment could total up to $400.0 million, contingent on achieving certain fee-related revenue targets during the measurement period from January 1, 2026, to December 31, 2026[952]. Financial Performance - Total revenues for 2024 reached $3,500,082, a 46.6% increase from $2,389,911 in 2023[812]. - Total expenses rose to $3,578,323, reflecting a 51.5% increase compared to $2,363,803 in 2023[812]. - Net loss attributable to TPG Inc. was $76,915, compared to a net income of $23,385 in 2023[812]. - Basic net income (loss) per share for Class A common stock was $0.00, down from $0.89 in 2023[812]. - Diluted net income (loss) per share was $(0.42), compared to $(0.04) in 2023[812]. - TPG Inc. reported a net income of $23,483,000 for the year ended December 31, 2024, compared to a net loss of $76,915,000 in 2023[821]. - The total cash provided by operating activities for 2024 was $532,146,000, a decrease from $720,518,000 in 2023[821]. - TPG Inc. had cash, cash equivalents, and restricted cash of $821,192,000 at the end of 2024, up from $678,371,000 at the end of 2023[823]. - The company experienced a net cash used in financing activities of $344,860,000 in 2024, compared to $789,234,000 in 2023[821]. Compensation and Expenses - Cash-based compensation and benefits increased to $835,328, a 52.5% rise from $547,377 in 2023[812]. - Equity-based compensation surged to $1,006,312, up 53.5% from $654,922 in 2023[812]. - The company reported a significant increase in performance allocation compensation to $930,053,000 in 2024 from $591,676,000 in 2023[821]. - Management fees increased to $1,637,990 in 2024, up 37.8% from $1,187,947 in 2023[860]. - Performance allocations rose to $1,301,766 in 2024, a significant increase of 61.0% compared to $808,248 in 2023[860]. - Monitoring fees surged to $29,625 in 2024, a 172.0% increase from $10,866 in 2023[860]. - Transaction fees increased to $140,599 in 2024, up 41.4% from $99,427 in 2023[860]. - Incentive fees saw a rise to $33,032 in 2024, compared to $2,815 in 2023, marking a substantial increase[860]. Assets and Liabilities - Total assets increased to $10,535.1 million as of December 31, 2024, up from $9,369.7 million as of December 31, 2023[807]. - Total liabilities increased to $6,943.1 million as of December 31, 2024, compared to $6,008.5 million as of December 31, 2023[807]. - Accrued performance allocation compensation rose to $4,376.5 million as of December 31, 2024, from $4,096.1 million as of December 31, 2023[807]. - Additional paid-in-capital increased to $970.7 million as of December 31, 2024, compared to $613.5 million as of December 31, 2023[807]. - The balance of total equity at December 31, 2024, was $3,591,989,000, up from $3,361,134,000 at the end of 2023[819]. Market and Regulatory Environment - The company acknowledges potential risks from changes in the U.S. political and financial regulatory environment[16]. - TPG's management fees and performance allocations are primarily influenced by the fair value of investments, which can fluctuate due to market conditions[24]. - The company is subject to scrutiny from fund investors and regulators regarding ESG matters and evolving regulatory requirements[14]. - TPG's investment strategy includes expansion into new markets and businesses, which may involve new types of investors[14]. - The company has no obligation to publicly update forward-looking statements, which are subject to inherent uncertainties and risks[12]. Accounting and Reporting - The preparation of the Consolidated Financial Statements requires management to make estimates and assumptions that could materially affect reported amounts[832]. - The Company accounts for business combinations using the acquisition method, allocating purchase price to assets and liabilities based on fair values determined at the acquisition date[917]. - The Company recognizes interest and penalties related to unrecognized tax benefits as income tax expense within the consolidated financial statements[939]. - The total Purchase Price allocated to the fair value of assets acquired and liabilities assumed was $205.9 million recorded as goodwill, which is not tax-deductible[961]. - The fair value of identifiable intangible assets acquired totaled $547.5 million, with management contracts valued at $287,000 and contractual performance fee allocations at $199,000[962].

Financial Data and Key Metrics Changes - TPG reported GAAP net income of $13 million and after-tax distributable earnings of $261 million, equating to $0.62 per share of Class A common stock, marking a 27% increase year-over-year [7][45] - The company declared a dividend of $0.53 per share of Class A common stock, payable on March 7, 2025 [7] - Total assets under management (AUM) reached $246 billion, an 11% increase year-over-year, driven by $30 billion in capital raised and $19 billion in value creation [46] - After-tax distributable earnings for the full year totaled $837 million, a 43% increase compared to the previous year [45] Business Line Data and Key Metrics Changes - Private equity and infrastructure fundraising grew year-over-year, raising $14 billion in 2024 [18] - Credit strategies raised over $12 billion in 2024, exceeding the $10 billion target [52] - The capital markets revenue saw significant growth, driven by the integration of the broker-dealer across platforms [26] Market Data and Key Metrics Changes - The company deployed $33 billion in capital for the full year 2024, with $10 billion deployed in the fourth quarter alone [28] - Realizations totaled $23 billion for the year, a 50% increase from 2023 [36] - The private equity portfolio appreciated more than 3% in the fourth quarter and 10% over the last twelve months [49] Company Strategy and Development Direction - TPG aims to double its AUM to $500 billion over the next several years, focusing on organic growth, innovation, and potential inorganic opportunities [39][84] - The company is expanding its client relationships and distribution channels, particularly in private wealth [16][80] - TPG is actively evaluating inorganic opportunities to enhance scale and diversification, particularly in infrastructure and digital assets [17][78] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about significant capital raising in 2025, expecting to exceed 2024 levels [15][53] - The company anticipates growth in management fees driven by credit deployment and fundraising for climate and transition infrastructure funds [64] - Management highlighted the importance of maintaining a balance sheet-light model while exploring partnerships and growth opportunities [91][96] Other Important Information - TPG successfully integrated Angelo Gordon, realizing revenue synergies and business-building opportunities [12][58] - The company launched several new funds, including a climate transition infrastructure strategy and a dedicated mid-cap strategy focused on Asia [21][24] - TPG's capital markets business is expected to be a significant contributor to revenue growth over time [26] Q&A Session Summary Question: TPG's annual partners meeting and insurance opportunities - Management discussed five core growth drivers for doubling AUM, including growing core strategies, organic innovation, inorganic additions, wealth penetration, and insurance partnerships [72][84] Question: Importance of balance sheet light model in insurance opportunities - Management emphasized the importance of finding the right partner while maintaining a balance sheet-light model, focusing on quality growth [91][96] Question: Doubling AUM timeframe and organic vs. inorganic growth - Management indicated that doubling AUM could occur in several years, with a mix of organic and inorganic growth strategies contributing to this goal [106][108] Question: Impact of partnership with Intersect Power and RISE Climate - Management highlighted the significance of the partnership with Google and Intersect Power, indicating strong activity in the climate impact sector [130][132]

TPG Reports Fourth Quarter and Full Year 2024 Financial Results Year Ended December 31, 2024 TPG Reports Fourth Quarter and Full Year 2024 Results San Francisco and Fort Worth, Texas – February 11, 2025 – TPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, reported its unaudited fourth quarter and full year 2024 results. TPG issued a full detailed presentation of its fourth quarter and full year ended December 31, 2024 results, which can be viewed through the Investor Relations secti ...

Group 1 - TPG Inc. reported quarterly earnings of $0.62 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, and showing an increase from $0.51 per share a year ago, representing an earnings surprise of 19.23% [1] - The company posted revenues of $461.41 million for the quarter ended December 2024, which was a slight miss compared to the Zacks Consensus Estimate by 0.49%, and a decrease from $464.73 million year-over-year [2] - TPG Inc. has surpassed consensus EPS estimates three times over the last four quarters, while also topping consensus revenue estimates three times in the same period [2] Group 2 - The stock has underperformed the market, losing about 0.7% since the beginning of the year, while the S&P 500 has gained 3.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.59 on revenues of $483.79 million, and for the current fiscal year, it is $2.50 on revenues of $2.09 billion [7] - The Zacks Industry Rank for Financial - Investment Management is currently in the bottom 23% of over 250 Zacks industries, indicating potential challenges for stock performance [8]