Financial Performance - Total revenues for Q1 2025 reached $1,034,876, an increase of 25.5% compared to $824,071 in Q1 2024[18] - Net income attributable to TPG Inc. for Q1 2025 was $25,393, compared to a net loss of $9,006 in Q1 2024[18] - For the three months ended March 31, 2025, TPG Inc. reported a net income of $87,828, compared to a net loss of $9,006 in the same period of 2024, indicating a significant turnaround in performance[26] - Net income attributable to Class A common stockholders before distributions was $25,393,000 for Q1 2025, compared to $15,519,000 in Q1 2024, reflecting a year-over-year increase of 63.5%[209] - The diluted net income attributable to Class A common stockholders was $1,379,000 in Q1 2025, a recovery from a diluted net loss of $38,362,000 in Q1 2024[209] - The basic net income available to Class A common stock per share was $0.08 in Q1 2025, slightly down from $0.09 in Q1 2024[209] Revenue Breakdown - Management fees increased to $418,951,000 in Q1 2025 from $407,417,000 in Q1 2024, reflecting a growth of 3.8%[54] - Performance allocations rose significantly to $450,560,000 in Q1 2025, up from $289,643,000 in Q1 2024, marking a 55.5% increase[54] - Capital interests also saw growth, increasing to $40,861,000 in Q1 2025 from $22,133,000 in Q1 2024, which is an 84.6% increase[54] - The company recorded total capital allocation-based income of $491,421,000 for Q1 2025, compared to $311,776,000 in Q1 2024, representing a 57.7% increase[54] - Monitoring fees increased to $7,858,000 in Q1 2025 from $6,108,000 in Q1 2024, a growth of 28.6%[54] - Transaction fees grew to $47,454,000 in Q1 2025, up from $36,186,000 in Q1 2024, reflecting a 31.1% increase[54] - Incentive fees increased to $6,201,000 in Q1 2025 from $3,875,000 in Q1 2024, a rise of 60.5%[54] Assets and Liabilities - Total assets increased to $11,314,024 as of March 31, 2025, up from $10,535,109 as of December 31, 2024, representing a growth of 7.4%[15] - Total liabilities rose to $7,815,309 as of March 31, 2025, compared to $6,943,120 as of December 31, 2024, marking an increase of 12.6%[15] - The accumulated deficit as of March 31, 2025, was $(227,114), compared to $(186,983) as of December 31, 2024[15] - Non-controlling interests decreased to $2,675,636 as of March 31, 2025, down from $2,807,888 as of December 31, 2024[15] Cash Flow and Investments - Net cash provided by operating activities was $198,188, a decrease of 54.5% from $436,713 in the prior year[26] - TPG Inc. reported proceeds from investments of $430,412, up from $384,595, reflecting a 11.9% increase[26] - The total cash, cash equivalents, and restricted cash at the end of the period was $835,256, down from $1,104,040, representing a decline of 24.4%[26] - TPG Inc. had a net cash used in investing activities of $6,347, a decrease from $25,341 in the prior year, indicating reduced investment outflows[26] - Proceeds from debt obligations amounted to $255,000, a substantial decrease from $1,218,500 in the same quarter of the previous year[26] Compensation and Expenses - Performance allocation compensation expenses increased to $298,705 in Q1 2025, up from $196,434 in Q1 2024, reflecting a rise of 51.9%[18] - Equity-based compensation decreased to $205,832 in Q1 2025 from $227,908 in Q1 2024, a decline of 9.7%[18] - The company incurred $180,112 in withholding taxes paid on net settlement of equity-based awards, compared to $58,048 in the previous year, marking a significant increase[26] - The total lease cost for the three months ended March 31, 2025, was $25.3 million, compared to $14.4 million for the same period in 2024, indicating an increase of approximately 76.3%[183] Shareholder Information - The weighted-average shares of Class A common stock outstanding increased to 117,408,263 in Q1 2025 from 89,113,782 in Q1 2024[18] - Dividends declared per share of Class A common stock increased to $0.53 in Q1 2025 from $0.41 in Q1 2024, representing a growth of 29.3%[210] - As of March 31, 2025, TPG Inc. had 33,130,147 shares of Class A common stock available to be issued under its Omnibus Equity Incentive Plan[211] - The company registered an additional 6,540,183 shares of Class A common stock on February 27, 2025, increasing the total share reserve to 36,496,786[211] Tax and Legal Matters - The Company's effective tax rate for the three months ended March 31, 2025, was 6.7%, compared to (94.9)% for the same period in 2024[170] - The Company has not recorded a potential liability related to any pending legal proceeding except as disclosed, indicating a cautious approach to legal risks[197]

Group 1 - TPG held its First Quarter 2025 Earnings Conference Call, with key participants including the CEO, CFO, and other executives [1][3] - The call was structured to include prepared remarks followed by a Q&A session, indicating a focus on engaging with investors [1][2] - The company emphasized the presentation of both GAAP and non-GAAP measures in its earnings release, highlighting the relevance of non-GAAP measures for assessment [5]

Financial Data and Key Metrics Changes - TPG reported GAAP net income of $25 million and after-tax distributable earnings of $187 million, equating to $0.48 per share of Class A common stock [5][30] - The company declared a dividend of $0.41 per share of Class A common stock, payable on June 2, 2025 [5] - Total assets under management increased by 12% year-over-year to $251 billion, driven by $31 billion in capital raising and $20 billion in value creation [30] Business Line Data and Key Metrics Changes - Fee-related revenues for Q1 were $476 million, including $413 million from management fees and $54 million from transaction fees [28] - Fee-related earnings totaled $182 million with a margin of 38%, with expectations for margin expansion in the latter half of the year [29] - Realized performance allocations were $40 million, primarily from partial monetizations of public positions [29] Market Data and Key Metrics Changes - The company raised nearly $6 billion during Q1 across various platforms, including significant contributions from the RISE Climate Fund and the Global South initiative [36] - The private equity portfolio experienced revenue growth of approximately 18% over the last twelve months, outperforming the broader market [34] Company Strategy and Development Direction - TPG announced the acquisition of PepperTree Capital Management, enhancing its capabilities in digital infrastructure, particularly in wireless communication towers [6][39] - The company is focused on expanding its private wealth strategy, including launching TPOP, a new private equity vehicle [15][17] - TPG aims to leverage its strong client relationships to drive capital formation and strategic partnerships across various asset classes [14][82] Management's Comments on Operating Environment and Future Outlook - Management noted a dramatic shift in the market environment, with increased volatility and concerns around inflation and economic growth [8][10] - Despite these challenges, TPG remains confident in its investment strategy and expects to raise significantly more capital in 2025 compared to 2024 [11][37] - The company anticipates continued strong performance in its credit platform and expects to see an increase in private financing opportunities due to market dislocation [22][24] Other Important Information - TPG's real estate portfolio appreciated by 7% in Q1 and nearly 13% over the last twelve months, supported by positive leasing trends [35] - The company has $57 billion of total dry powder across the firm, positioning it well to capitalize on investment opportunities in a volatile market [24] Q&A Session Summary Question: Follow-up on the private wealth channel and expected flow contribution from TPOP and TCAP - Management highlighted that increasing the private wealth business is a strategic priority, with $525 million raised in Q1 and expectations for TPOP to start generating inflows in June [52][54] Question: Inquiry about transaction and other fees and the build-out of capital markets capabilities - Management indicated that capital markets capabilities are about 75% built out, with Q1 performance reflecting broad-based use across transaction closings and refinancing activities [60][62] Question: Concerns regarding private equity fundraising in the current market environment - Management expressed confidence in fundraising efforts, noting strong performance and return of capital, which differentiates TPG from competitors [68][72]

Financial Data and Key Metrics Changes - TPG reported GAAP net income of $25 million and after-tax distributable earnings of $187 million, equating to $0.48 per share of Class A common stock [4] - The company declared a dividend of $0.41 per share of Class A common stock, payable on June 2, 2025 [4] - Total assets under management increased by 12% year-over-year to $251 billion, driven by $31 billion in capital raising and $20 billion in value creation [29] - Fee-related revenues for Q1 were $476 million, including $413 million from management fees and $54 million from transaction fees [27] Business Line Data and Key Metrics Changes - In private equity, TPG's portfolios achieved approximately 18% revenue growth over the last twelve months, with minimal direct exposure to tariffs for about 90% of the fair value [31][32] - The credit platform, particularly Twinbrook, had less than 3% of its portfolio exposed to tariffs, with a stable average interest coverage ratio of approximately 2x [33] - TPG's real estate portfolio appreciated by 7% in Q1 and nearly 13% over the last twelve months, supported by positive leasing and occupancy trends [34] Market Data and Key Metrics Changes - The market environment has shifted dramatically, with renewed fears of inflation and concerns about slowing economic growth impacting investor sentiment [6] - Despite a volatile environment, TPG expects to raise significantly more capital in 2025 compared to 2024, driven by strong client engagement and strategic partnerships [10][36] Company Strategy and Development Direction - TPG announced the acquisition of PepperTree Capital Management, enhancing its capabilities in the digital infrastructure space, particularly in wireless communication towers [5][38] - The company is focused on expanding its private wealth strategy, including launching new products like TPOP, which is expected to attract significant inflows [14][52] - TPG aims to leverage its strong client relationships and differentiated investment performance to capture more capital across various platforms [13][80] Management's Comments on Operating Environment and Future Outlook - Management noted that clients are adjusting their expectations around performance and liquidity, seeking geographic diversification in their investments [7] - The leadership team remains confident in the quality of TPG's portfolio and is actively looking to deploy capital despite market fluctuations [8][10] - Management anticipates that periods of dislocation will create attractive investment opportunities, with $57 billion of total dry powder available across the firm [22] Other Important Information - TPG's private wealth strategy has seen significant progress, raising $525 million in Q1 2025, more than double the amount raised in 2023 [52] - The company has established a strategic partnership representing over $4 billion of potential new capital, enhancing its investment strategies [13] Q&A Session Summary Question: Expected flow contribution from TPOP and TCAP - Management highlighted that increasing the private wealth business is a strategic priority, with TPOP expected to launch in June 2025 and contribute to inflows [51][52] Question: Transaction and other fees increase - Management explained that the capital markets capabilities are still being built out, with Q1 performance reflecting broad-based use of the capital markets team across transactions [58][60] Question: Confidence in private equity fundraising - Management expressed confidence in fundraising efforts, noting strong performance and client relationships that differentiate TPG from competitors [66][70] Question: Broadening credit strategies - Management discussed growth opportunities in the credit space, particularly through the Twinbrook platform, which is expected to capture more borrowers as they scale [84][88]

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 ...

Financial Performance - TPG's net income for 1Q'25 was $88 million, compared to a net loss of $9 million in 1Q'24[16] - Net income attributable to TPG Inc was $25 million for 1Q'25, compared to $16 million in 1Q'24[16] - Fee-Related Revenues (FRR) for 1Q'25 increased by 6% to $476 million compared to $451 million in 1Q'24[17] - After-tax Distributable Earnings (DE) for 1Q'25 was $187 million, an increase from $181 million in 1Q'24[17] Assets Under Management (AUM) - Total AUM reached $251 billion, up 12% from $223.6 billion in 1Q'24[7, 17] - Fee Earning Assets Under Management (FAUM) increased by 4% to $142.8 billion, compared to $137 billion in 1Q'24[17] - Available capital stood at $57 billion at the end of 1Q'25[4, 17] Capital Activity - Capital raised in 1Q'25 was $59 billion, compared to $47 billion in 1Q'24[17] - Capital invested in 1Q'25 amounted to $73 billion, compared to $65 billion in 1Q'24[17] - Realizations in 1Q'25 totaled $43 billion, compared to $49 billion in 1Q'24[17] Dividend - TPG declared a quarterly dividend of $041 per share of Class A common stock, payable on June 2, 2025[5]

SAN DIEGO, May 07, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of AvidXchange Holdings, Inc. (NASDAQ: AVDX) breached their fiduciary duties in connection with the proposed sale of the Company to TPG Inc. (NASDAQ: TPG). On May 6, 2025, AvidXchange entered into a definitive agreement pursuant to which TPG will acquire all outstanding shares of the Company. Under the terms of the agreement, each holder of the Company’s c ...

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 start of the start of the call. A simultaneous webcast will ...

Core Viewpoint - AvidXchange Holdings, Inc. is set to be acquired by TPG and Corpay for $10.00 per share, valuing the company at $2.2 billion, which represents a significant premium over its recent stock prices [1][2]. Acquisition Details - The acquisition price of $10.00 per share reflects a 22% premium over AvidXchange's closing price of $8.20 on May 6, 2025, a 16% premium over the 90-day volume weighted average price, and a 45% premium over the closing price of $6.89 on March 12, 2025 [2]. - Upon completion, AvidXchange will transition to a private company, allowing for greater flexibility in investing in growth and enhancing integrated payment solutions [2]. Company Background - AvidXchange is a leading provider of accounts payable automation software and payment solutions, serving over 8,500 middle market businesses and facilitating payments to more than 1,350,000 suppliers in the past five years [9]. - The company has established itself as a leader in AP automation and payment software, with a differentiated platform aimed at growth [3]. Strategic Insights - TPG and Corpay view AvidXchange as a leader in AP automation, with significant opportunities to enhance its solutions and improve efficiency in payment processes [3]. - The partnership aims to leverage TPG's technology expertise and Corpay's corporate payments capabilities to accelerate AvidXchange's growth [3]. Transaction Approval and Timeline - The transaction has been unanimously approved by AvidXchange's Board of Directors, and certain senior management members will rollover a significant portion of their equity [4]. - The deal is subject to customary closing conditions, including stockholder approval and regulatory approvals, and is expected to close in the fourth quarter of 2025 [5]. Financial Advisory - Financial Technology Partners and Barclays are acting as financial advisors to AvidXchange, while TPG is advised by J.P. Morgan Securities LLC, Moelis & Company, and RBC Capital Markets [7][8].

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 ...