Total assets under management of $229 billion
as of June 30, 2024, an increase of 65% compared to $139 billion as
of June 30, 2023
GAAP net loss attributable to TPG Inc. of $14
million for the second quarter ended June 30, 2024, with basic net
loss per share of Class A common stock of $0.15
Fee-Related Earnings of $201 million for the
second quarter ended June 30, 2024, an increase of 60%
year-over-year, resulting in a Fee-Related Earnings margin of
44%
After-tax Distributable Earnings of $207
million (or $0.49 per share of Class A common stock) for the second
quarter ended June 30, 2024
Dividend of $0.42 per share of Class A common
stock for the second quarter ended June 30, 2024
TPG Inc. (NASDAQ: TPG), a leading global alternative asset
management firm, reported its unaudited second quarter 2024
results. TPG issued a full detailed presentation of its second
quarter ended June 30, 2024 results, which can be viewed through
the Investor Relations section of TPG’s website at
shareholders.tpg.com.
“Our strong second quarter results reflect the accelerating
momentum in our business as we continue to successfully scale and
diversify,” said Jon Winkelried, Chief Executive Officer. “We
finished the quarter with $229 billion of AUM across more than 30
differentiated investment strategies in private equity, credit, and
real estate. Over the past year, we drove a step-function change in
our growth profile and earnings power as a result of both organic
and inorganic activity. Our firm is capitalizing on our expanded
breadth to deliver strong investment performance for our clients
and build long term value for our investors.”
Dividend
TPG has declared a quarterly dividend of $0.42 per share of
Class A common stock to holders of record at the close of business
on August 16, 2024, payable on August 30, 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 TPGQ224.
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 $229 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/20240805601960/en/
Shareholders Gary Stein 212-601-4750
shareholders@tpg.com
Media Luke Barrett 415-743-1550 media@tpg.com
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