Financial Performance - TPG reported total revenues of $1,076.4 million for Q4 2024, an increase from $983.1 million in Q4 2023, representing a growth of 9.5%[11] - Net income for Q4 2024 was $11.1 million, a decrease from $42.4 million in Q4 2023, reflecting a decline of 73.9%[12] - Fee-Related Revenues (FRR) for Q4 2024 were $461 million, down 1% from $465 million in Q4 2023[13] - Fee-Related Earnings (FRE) decreased by 16% from $226 million in Q4 2023 to $190 million in Q4 2024, with a FRE margin of 41%[16] - After-tax Distributable Earnings (DE) increased from $206 million in Q4 2023 to $261 million in Q4 2024, a growth of 26.7%[20] - TPG's operating profit margin was 1.0% for Q4 2024, down from 4.3% in Q4 2023[11] - Total revenues for Q1 2024 were $824,071, a decrease of 16.2% compared to Q4 2023's $983,137[80] - Net income attributable to TPG Inc. for Q1 2024 was $15,519, compared to a net loss of $13,977 in Q2 2024[80] - After-tax Distributable Earnings for Q1 2024 were $180,625, compared to $205,647 in Q4 2023, reflecting a decrease of 12.2%[81] Assets Under Management (AUM) - Total Assets Under Management (AUM) reached $246 billion, up 11% year-over-year[13] - Assets Under Management (AUM) rose 11% year-over-year to $245.9 billion in 4Q'24, driven by capital raised of $4.7 billion in Rise Climate II[41] - Performance Eligible AUM totaled $209.3 billion, representing 85% of total AUM at the end of 4Q'24[50] - Performance Generating AUM was $163.4 billion, accounting for 66% of total AUM at the end of 4Q'24[50] - AUM Subject to Fee Earning Growth was $28 billion, estimated to generate approximately $167 million in annual revenue[47] - FAUM (Funds Under Management) decreased to $37,075 million as of December 31, 2024, down from $37,941 million at the beginning of the period, representing a decline of approximately 2.3%[53] Capital and Investments - Capital raised remained stable at $8.8 billion for both Q4 2023 and Q4 2024[13] - Approximately $32.9 billion was invested during the last twelve months, with $57.6 billion available for deployment at the end of Q4 2024[55] - Total capital invested for fiscal year 2024 was $32,944 million, down from $22,217 million in fiscal year 2023, indicating a significant increase of 48%[57] - The company raised $5,513 million in fee-earning capital for the fiscal year 2024, a decrease of 39.5% compared to $9,047 million in fiscal year 2023[56] Dividends and Shareholder Returns - The company declared a quarterly dividend of $0.53 per share, payable on March 7, 2025[3] - FRE attributable to TPG Inc. was $0.51 per share for 4Q'24 and $2.09 per share for FY'24[68] - Declared dividend of $0.53 per share for 4Q'24, totaling $1.74 per share for FY'24[68] - The company plans to maintain a dividend policy of at least 85% of earnings attributable to the TPG Operating Group, subject to board discretion[85] Performance Metrics - Realized performance allocations, net were $105 million in 4Q'24, primarily driven by the TF platform and Growth IV in the Growth platform[25] - For FY'24, realized performance allocations, net totaled $195 million, mainly from TI in the Capital platform and Rise Climate I in the Impact platform[25] - 4Q'24 net accrued performance for the Capital platform was 3.6%, while the Growth platform achieved 3.9%[26] - Total equity-based compensation related to TPG Inc. Ordinary Service Awards was $28 million, with an unrecognized compensation expense of $238.4 million at the end of 4Q'24[69] Acquisitions and Strategic Initiatives - The acquisition of Angelo Gordon is expected to enhance TPG's growth and operational capabilities moving forward[7] - The acquisition of Angelo Gordon is expected to enhance the company's asset management capabilities and expand its market presence[87] Financial Structure and Metrics - Total GAAP Assets as of Q4 2023 were $9,369,672, with a projected increase to $10,535,109 by Q4 2024[84] - Total participating shares outstanding include Class A shares and TPG Operating Group Common Units, reflecting the equity structure of the company[109] - Cash and cash equivalents reached $0.8 billion at the end of 4Q'24, following net proceeds from subordinated notes offerings[34]

Core Viewpoint - TPG Inc. is anticipated to report a year-over-year increase in earnings despite a slight decline in revenues for the quarter ended December 2024, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus estimate for TPG's quarterly earnings is $0.52 per share, reflecting a year-over-year increase of 2%, while revenues are projected to be $463.68 million, a decrease of 0.2% from the previous year [3]. - The consensus EPS estimate has been revised down by 1.12% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that TPG has a negative Earnings ESP of -0.32%, suggesting that analysts have become less optimistic about the company's earnings [10][11]. - TPG currently holds a Zacks Rank of 3 (Hold), making it challenging to predict a beat on the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, TPG met the expected earnings of $0.45 per share, resulting in no surprise [12]. - Over the past four quarters, TPG has surpassed consensus EPS estimates three times [13]. Industry Comparison - In the Zacks Financial - Investment Management industry, Blue Owl Capital Inc. is expected to report earnings of $0.21 per share for the same quarter, representing a year-over-year increase of 16.7%, with revenues projected to rise by 24.4% to $614.74 million [17]. - Blue Owl Capital's consensus EPS estimate has been revised down by 2.5% in the last 30 days, and it also has a negative Earnings ESP of -0.82%, indicating a similar cautious outlook as TPG [18].

Group 1 - TPG is in advanced talks to acquire Crown Castle's fiber business for $8 billion [1] - Private equity firms have been actively investing in fiber and digital infrastructure companies to support expansion efforts [2] - The deal for the fiber and wireless assets is expected to be announced in the coming weeks, but no final decision has been made [4] Group 2 - The potential sale would allow Crown Castle to concentrate on its core towers business, which includes over 40,000 towers in the U.S. as of September 30, 2024 [5] - Crown Castle's shares have declined by 6% in the past six months, while the industry has grown by 1.7% [6]

Group 1: Company Overview - David Bonderman co-founded TPG, an alternative asset management firm with a current market value of $24.3 billion and a workforce of over 1,800 across 28 global offices [1] - TPG has investments in various sectors, including technology, health care, real estate, and consumer industries [1] Group 2: Bonderman's Career and Contributions - Bonderman was a private equity pioneer and legal scholar, known for his significant contributions to the investment world and conservation efforts [2] - He transitioned from a legal career, where he litigated racial discrimination cases, to investment management through his connection with Robert Bass [4] - Bonderman and his partner Jim Coulter founded TPG after successfully turning a $66 million investment in Continental Airlines into a tenfold profit [6] Group 3: Board Memberships and Influence - Throughout his career, Bonderman served on the boards of over 80 corporate firms, including General Motors, Ryanair, and Kite Pharmaceutical [7] - He was also involved with various conservation organizations, such as the Wilderness Society and World Wildlife Fund [7] Group 4: Legacy in Sports - Bonderman was the founding owner of the Seattle Kraken, the NHL's 32nd expansion franchise, and was recognized for his visionary leadership in bringing the team to Seattle [8]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs, focusing on medium and small-cap markets, as well as blue-chip companies and broader investment stories [2][3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3][4] Group 2 - The company utilizes technology to enhance workflows and has a team with decades of expertise in content creation [3] - Proactive occasionally employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [4]

Core Viewpoint - AT&T has reached an agreement to sell its remaining 70% stake in DIRECTV to TPG, which is a non-contingent transaction subject only to customary closing conditions [1]. Financial Performance - Over the past three years, AT&T's financial outcomes have aligned with expectations, leading to the decision to retain a 70% financial interest in DIRECTV. The reported cash distributions from the initial transaction with TPG totaled $19 billion, with an additional $7.6 billion expected following the sale of the remaining stake [2]. Strategic Focus - This sale enables AT&T to concentrate on becoming the leading wireless 5G and fiber connectivity provider in America. The transaction is expected to enhance AT&T's balance sheet by accelerating cash inflows anticipated over the next several years. The company expects the transaction to close in the second half of 2025 [3].

Summary: Transaction Value: $64.2 million Locations: Illinois, Iowa, Maine, Michigan, and Wisconsin Lease Term: 15-year initial term with two 10-year options to renew Use of Proceeds: Debt reduction and other corporate purposes MILWAUKEE and NEW YORK, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Douglas Dynamics, Inc. (NYSE: PLOW), or the "Company", North America's premier manufacturer and upfitter of commercial work truck attachments and equipment, today announced the successful completion of a sale-leaseback transa ...

Walter Bibikow/DigitalVision via Getty Images The 26% rally over the last 1 year of TPG RE Finance Trust's (NYSE:TRTX) commons to $8.50 needs to be contextualized against a book value of $11.40 per share as of the end of its fiscal 2024 second quarter. The mortgage REIT owns debt collateralized by US real estate, with a heavy focus on multifamily properties. Total loan commitments stood at $3.3 billion at the end of its second quarter with 52.5% allocated to multifamily and an 18.4%% allocation to office pr ...

TPG Inc. (TPG) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 11.36%. A quarter ago, it was expected that this company would post earnings of $0.43 per share when it actually produced earnings of $0.49, delivering a surprise of 13.95%. Over the last four quarters, the company has sur ...

The earnings report, which is expected to be released on August 6, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $449.3 million, up 57.3% from the year-ago quarter. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Estimate revisions ahead of a company's ear ...