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 ...

Financial Data and Key Metrics Changes - The company finished the second quarter with $139 billion in assets under management, up 9% year-over-year, driven by $15 billion of capital raised and $7 billion in value creation, partially offset by $10 billion in realizations over the past 12 months [15] - Fee-earning AUM was $79 billion at the end of Q2, which grew 17% from a year ago [16] - Management fees totaled $257 million in the second quarter, which grew 15% year-over-year, while total fee-related revenue for the quarter was $286 million, up 8% sequentially and 12% compared to Q2 '22 [16][17] Business Line Data and Key Metrics Changes - The company reported fee-related earnings of $125 million in the second quarter, which increased 23% year-over-year, with a FRE margin of 44% [17] - The inaugural Life Sciences fund raised over $250 million and completed 2 investments in the second quarter, targeting a $500 million fund [10] - The private real estate credit strategy, Treco, has visibility to raising over $750 million for its first close [11] Market Data and Key Metrics Changes - The company is seeing a notable increase in transaction activity across its platforms, deploying $2.3 billion in Q1 and $2.8 billion in Q2, with an additional $5.5 billion of capital expected to be deployed from signed but not yet closed investments [7] - There has been a significant uptick in corporate restructuring and divestitures, creating more opportunities for carve-outs and strategic partnerships [83][84] Company Strategy and Development Direction - The company is focused on organic growth initiatives and building new investment platforms with substantial growth potential, emphasizing the importance of organic innovation for future growth [8][23] - The acquisition of Angelo Gordon is expected to enhance the company's capabilities and expand its market reach, with integration planning involving over 150 people [49][70] - The company is actively engaging with LPs to capitalize on organic growth initiatives and has begun raising its sixth growth fund [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate additional fee-earning assets and build long-term shareholder value, particularly through the integration of Angelo Gordon [23] - The current macroeconomic environment is seen as favorable for deploying capital, with a narrowing bid-ask spread among buyers and sellers [79] - Management noted that the fundraising environment remains challenging but is optimistic about the quality of discussions with LPs [21] Other Important Information - The company closed a $1.5 billion transaction in partnership with Digital Realty Trust for a portfolio of high-quality data center assets [6] - The company declared a dividend of $0.22 per share of Class A common stock, payable on September 1 [47] Q&A Session Summary Question: Focus on fundraising and LP commitments - Management clarified that they need to raise $5 billion to $6 billion to reach revised targets and emphasized the strength of their long-term relationships with LPs [25][27] Question: Concerns about Rise III performance - Management acknowledged the complexities of early fund performance and assured that the anomalies observed do not reflect the ongoing progress of the fund [29][90] Question: Fundraising metrics and expectations - Management provided insights on the aggregate fundraising targets, indicating a need to raise $4 billion to $5 billion for flagship funds and $4 billion for the new growth fund [33][34] Question: Deployment pipeline composition - Management discussed the increasing opportunities in the deployment pipeline, particularly in corporate carve-outs and strategic partnerships, while maintaining expectations for strong returns [40][86] Question: Climate fund deployment and future plans - Management indicated that deployment for the Rise Climate fund is progressing well, with plans to launch Rise Climate 2 as they approach 75% deployment [121]

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 June 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 (State or other juris ...