SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)--TPG (NASDAQ: TPG), a leading global alternative asset management firm, announced today the appointment of Scott Lebovitz as a Partner and Head of Infrastructure for TPG Rise Climate, the firm’s dedicated climate investing platform. In this new role, Lebovitz will focus on the firm’s new strategy targeting investments in infrastructure and real assets that are critical to global decarbonization and energy transition marketplaces. Lebovitz comes to TPG afte ...

NEW YORK--(BUSINESS WIRE)--TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) today announced the income tax treatment of its 2023 common stock and its 6.25% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred”) dividends. The following table summarizes, for income tax purposes, the nature of cash dividends paid to the Company’s common stockholders for the tax year ended December 31, 2023: Common Stock (CUSIP # 87266M107) Record Date Payment Date Total Distrib ...

SAN FRANCISCO & RALEIGH, N.C--(BUSINESS WIRE)--TPG (NASDAQ: TPG), a leading global alternative asset management firm, today announced a significant strategic investment in Compass Surgical Partners (“Compass” or the “Company”), an independent full-service ambulatory surgery center (ASC) development and management partner. TPG Growth, the firm’s middle market and growth equity platform, is funding the investment, participating alongside existing investor Health Velocity Capital. As a strategic capital partne ...

TPG, a global alternative asset management firm, will make a strategic growth investment of up to $228 million in Sayari Labs, a counterparty and supply chain risk intelligence provider.This partnership aims to support Sayari’s global expansion and the launch of a new supply chain illumination platform that leverages artificial intelligence, the companies said in a Tuesday (Jan. 16) press release.“As the global business landscape continues to evolve, companies are facing an increasingly complex set of risks ...

Investors looking for stocks in the Financial - Investment Management sector might want to consider either Victory Capital Holdings (VCTR) or TPG Inc. (TPG) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimat ...

SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)--TPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, today announced that it will release financial results for the fourth quarter and full year ended December 31, 2023 before the market opens on Tuesday, February 13, 2024 and host a conference call and live webcast at 11:00 a.m. ET. The conference call may be accessed by dialing (800) 245-3047 (US toll-free) or (203) 518-9765 (international), using the conference ID TPGQ423. The nu ...

Torsten Asmus TPG (NASDAQ:TPG), formerly the Texas Pacific Group, is a Fort Worth, Texas-based multinational private equity firm with verticals ranging from participation in private equity markets to private credit solutions, from real estate to more specialized market solutions. TPG Angelo Gordon Teach-In 2023 Through these activities, TPG has seen a Q3'23 revenue of $159.39mn- a 71.60% YoY decline- alongside a net income of $11.67mn and a free cash flow of $402.07mn, a 577.39% increase driven by excess ca ...

Financial Data and Key Metrics Changes - Management fees totaled $279 million, growing 9% from the previous quarter due to improved fundraising and an increase in catch-up fees [32] - Transaction fees increased 83% sequentially to $31 million, driven primarily by the firm's lead role in structuring and placing debt financing for new investments [32] - After-tax distributable earnings for the third quarter were $196 million or $0.56 per share, including $43 million in net realized performance allocations [58] - FRE was $156 million for the third quarter, up 24% sequentially and 29% year-over-year, with an FRE margin of 49% [33] Business Line Data and Key Metrics Changes - The private equity portfolio grew revenues by 26% over the last 12 months, with net operating income growing 11% year-over-year [60] - TPG Capital closed the acquisition of Nextech, a leading provider of electronic medical records, reinforcing the focus on healthcare provider efficiency tools [26] - The Impact Platform, investing under the Rise brand, continues to differentiate TPG, with significant investments in climate-related initiatives [10][11] Market Data and Key Metrics Changes - TPG finished the third quarter with $136 billion of assets under management, up 1% year-over-year, driven by $11 billion of capital raised and $3 billion of value creation [37] - The Asia business successfully completed the IPO of RR Campo, which is currently trading up 36% from the IPO price, highlighting TPG's strong franchise in India [49] - The regional banking crisis earlier this year has enhanced interest in the credit space, with TPG Angelo Gordon raising over $1 billion for its first asset-backed lending fund [30] Company Strategy and Development Direction - The addition of Angelo Gordon positions TPG to capitalize on long-term secular trends in the alternatives industry, including increased demand for multi-strategy credit capabilities [20][22] - TPG is focusing on expanding its geographic footprint, particularly in Asia, leveraging Angelo Gordon's established presence in markets like Tokyo and Seoul [29] - The company is strategically looking to use continuation vehicles to manage exit activity and return capital to LPs, reflecting a shift in the private equity landscape [106] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to drive consistent, meaningful, and diversified growth across the business, particularly with the integration of Angelo Gordon [40] - The firm anticipates a reacceleration of fundraising for Angelo Gordon as they engage with LPs and leverage TPG's broader capabilities [46] - Management noted that while the IPO market is challenging, TPG is well-positioned to provide solutions for companies needing follow-on capital [74] Other Important Information - TPG raised $3.4 billion during the quarter and expects each fund to be larger than its predecessor, indicating strong fundraising momentum [61] - The firm is actively working towards launching its inaugural climate transition infrastructure fund, with strong interest from anchor LPs [63] - TPG's real estate platform is well-suited for the current environment, having raised nearly $7 billion for its flagship opportunistic fund TREP [28] Q&A Session Summary Question: Discussion on Angelo Gordon's fundraising constraints - Management acknowledged a temporary pause in fundraising momentum for Angelo Gordon due to the transaction announcement, but expects reacceleration as they engage with LPs [42][43][46] Question: TPG's fundraising strategy in a challenging environment - Management expressed confidence in the upcoming fundraising campaigns, including the Climate Infrastructure Fund, and noted strong engagement from LPs [47][72] Question: Real estate credit strategy and opportunities - Management highlighted the existing origination capabilities and the potential for scaling the real estate credit platform, emphasizing the current market dislocation [83][85] Question: Performance of growth capital business - Management reported strong revenue growth in the growth portfolio, with mid-teens growth rates and margin expansion, indicating overall portfolio health [102][104] Question: Continuation funds and exit activity - Management discussed the increasing importance of continuation vehicles in the current market, noting the success of the CAA vehicle as a credibility booster [106][108]

Note: Past performance is not indicative of future results. See notes on the following pages. TPG | 30 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------|-------|-------|-----------------------------------------------------|-----------|-------|-----------|-------|-----------| | ($ in thousands) \n Fee-Related Revenues | | 3Q'22 | 3Q'23 | 3Q'22 YTD | | 3Q'23 YTD | | 3Q'23 LTM | | Management fees | | | $ 254,510 $ 278,503 $ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-04321 TPG Inc. (Exact name of registrant as specified in its charter) Delaware 87-2063362 (I.R.S. Employer ...