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]

2025 First Quarter Results Earnings Presentation GCM Grosvenor Reports Q1 2025 Results CHICAGO, May 7, 2025 – GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, today reported results for the first fiscal quarter ended March 31, 2025. Dividend GCM Grosvenor's Board of Directors approved a $0.11 per share dividend payable on June 16, 2025 to shareholders on record June 6, 2025. Conference Call Management will host a webcast and conference call at 10:00 a.m. ET tod ...

Core Insights - Trinity Capital Inc. reported a total investment income growth of 29.5% year-over-year, reaching $65.4 million for Q1 2025 [4][13] - The company's net asset value (NAV) increased to $833 million, although NAV per share decreased to $13.05 from $13.35 [10][13] - The return on average equity (ROAE) was reported at 15.5% for the first quarter of 2025 [13] Financial Performance - Total investment income for Q1 2025 was $65.4 million, compared to $50.5 million in Q1 2024 [4][13] - Net investment income was approximately $32.4 million, or $0.52 per share, compared to $25.2 million or $0.54 per share in the previous year [7][13] - The net increase in net assets resulting from operations was $27.1 million, or $0.43 per share, up from $14.5 million or $0.31 per share in Q1 2024 [9][13] Operating Expenses - Total operating expenses, excluding interest, were $15.3 million in Q1 2025, up from $13.2 million in Q1 2024, primarily due to higher compensation and professional fees [5] - Interest expense increased to $17.7 million in Q1 2025 from $12.1 million in Q1 2024, attributed to higher average debt outstanding and borrowing rates [6] Investment Portfolio - As of March 31, 2025, the investment portfolio had a fair value of approximately $1.79 billion, consisting of $1.33 billion in secured loans, $336.7 million in equipment financings, and $125.6 million in equity and warrants [11][12] - The company originated approximately $185.9 million in new commitments during the first quarter, with gross investments funded totaling $220.4 million [12][13] Asset Management and Liquidity - The company had approximately $216.4 million in available liquidity as of March 31, 2025, including $8.4 million in unrestricted cash [17] - Trinity's leverage ratio was approximately 116% at the end of Q1 2025, compared to 108% at the end of Q4 2024 [20] Dividend Distribution - The Board of Directors declared a regular dividend of $0.51 per share for Q1 2025, marking the 21st consecutive quarter of consistent or increased dividends [22][13]

Core Insights - Patria reported a record fundraising of $3.2 billion in Q1 2025, positioning the company strongly to meet its $6 billion target for the year [2] - The company achieved Fee Related Earnings (FRE) of $42.6 million, reflecting a year-over-year growth of 21% [3] - Patria generated over $700 million in organic net inflows, indicating an annualized organic growth rate of 9% [2] Financial Performance - Net income attributable to Patria for Q1 2025 was $13.6 million [3] - FRE margin stood at 55.1%, with Distributable Earnings of $36.8 million, or $0.23 per share [3] - The company declared a quarterly dividend of $0.15 per share, payable on June 12, 2025 [4] Business Strategy and Outlook - The company is focused on diversifying its investment platforms, which is contributing to fundraising and organic growth [2] - Despite potential economic headwinds, Patria aims to generate between $200 million to $225 million of FRE for 2025 [2] - Patria specializes in mid-market segments across resilient sectors, with a strong presence in Latin America and Europe [6]

CHICAGO, April 23, 2025 (GLOBE NEWSWIRE) -- GCM Grosvenor (NASDAQ:GCMG), a global alternative asset management solutions provider, announced today that it will release its results for the first quarter 2025 on Wednesday, May 7, 2025. Management will host a webcast and conference call on Wednesday May 7, 2025, at 10:00 a.m. ET to discuss the results and provide a business update. The conference call will be available via public webcast through the Public Shareholders section of GCM Grosvenor's website at www ...

CHICAGO, April 22, 2025 (GLOBE NEWSWIRE) -- GCM Grosvenor (NASDAQ:GCMG), a leading global alternative asset management solutions provider, announced the final close of its Infrastructure Advantage Fund II ("IAF II" or the "Fund") was held on March 31, 2025, securing $1.3 billion in commitments, a substantial increase over its predecessor, "Fund I", which closed in 2020 at $893 million. GCM Grosvenor's Infrastructure Advantage Strategy focuses on partnership with organized labor and other stakeholders to inv ...

Core Viewpoint - Abacus Global Management, Inc. is set to release its first quarter 2025 financial results on May 8, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call scheduled for 5:00 pm Eastern Time on the same day [2] - A live webcast of the conference call will be available on the company's investor relations website [2] Group 2: Company Overview - Abacus Global Management specializes in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services [3] - The company focuses on longevity-based assets and personalized financial planning, utilizing proprietary data analytics and industry expertise [3]

Financial Data and Key Metrics Changes - For Q4 2024, total revenue grew by 40% year over year to $33.2 million, with adjusted net income increasing by 126% to $13.4 million and adjusted EBITDA rising by 51% to $16.6 million [9][10][24] - For the full year 2024, total revenue increased by 69% to $111.9 million, adjusted net income grew by 58% to $46.5 million, and adjusted EBITDA rose by 57% to $61.6 million [10][24][29] - Adjusted EBITDA margin for Q4 was 50%, compared to 47% in the prior year, while for the full year, it was 55%, down from 59% [27][29] Business Line Data and Key Metrics Changes - The company completed two strategic acquisitions, Carlisle Management Company and FCF Advisors, adding approximately $2.6 billion in assets under management [12][13] - Policy originations increased by 63% to 1,034 in 2024, with capital deployed exceeding $344 million [10][19] Market Data and Key Metrics Changes - The company reported a strong liquidity position with cash and cash equivalents of $128.8 million and outstanding long-term debt of $342.4 million as of December 31, 2024 [28] - The company anticipates a strong 2025, projecting adjusted net income between $70 million and $78 million, implying growth of 51% to 68% [11][29] Company Strategy and Development Direction - The company aims to solidify its position as a leader in the alternative asset management space, leveraging proprietary technology and data to capture market opportunities [21][32] - The rebranding to Abacus Global Management reflects the company's evolution and global market presence, enhancing its offerings to institutional investors [16][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth opportunities ahead, citing a favorable market environment for both policy origination and investor interest in unique assets [66][72] - The company is well-positioned for 2025, with a focus on integrating acquisitions and expanding its asset management capabilities [19][29] Other Important Information - The company raised $181.7 million in additional equity and secured a $150 million debt-financing facility to support growth initiatives [19][20] - The company has initiated a new ETF, the Abacus FCF Small Cap Leaders ETF, and reduced management fees across its ETFs [15][19] Q&A Session Summary Question: Key swing factors in guidance assumptions - Management clarified that the guidance range does not depend on a full draw of the remaining $50 million on the revolver, emphasizing strong origination and integration of asset management [34][36] Question: Update on direct channel metrics post-advertising shift - Management confirmed that advertising was not paused but targeted to non-swing states, resulting in continued positive impacts on policy origination [37][39] Question: Deployment of capital from recent equity and debt offerings - Management indicated significant deployment of capital in Q4 and a strong position for Q1, with expectations for continued positive results [42][44] Question: Strategy for holding policies on the balance sheet - Management stated that policies on the balance sheet are expected to hover around $370 million to $450 million, with a target of two turns per year on average [50][52] Question: Update on the carrier buyback program - Management reported ongoing expansion of the carrier buyback program and positive expectations for 2025 [57][60] Question: Changes in behavior of individuals life settling policies - Management noted that market volatility tends to increase interest in liquidity options, positively impacting origination [61][66] Question: Year-end AUM at Carlisle and FCF - Management expressed optimism about AUM growth for both entities, citing strong interest and favorable market conditions [69][72]

Financial Data and Key Metrics Changes - For Q4 2024, total revenue increased by 40% year-over-year to $33.2 million, with adjusted net income growing by 126% to $13.4 million and adjusted EBITDA rising by 51% to $16.6 million [10][28][29] - For the full year 2024, total revenue rose by 69% to $111.9 million, adjusted net income increased by 58% to $46.5 million, and adjusted EBITDA grew by 57% to $61.6 million [11][26][29] Business Line Data and Key Metrics Changes - Policy originations increased by 63% to 1,034 in 2024, with capital deployed exceeding $344 million [12] - Active management revenue was a significant driver of revenue growth, attributed to increased capital deployment and more policies sold directly to third parties [26][27] Market Data and Key Metrics Changes - The company successfully completed acquisitions that added approximately $2.6 billion in assets under management, enhancing its market reach and capabilities [14][15] - The company reported a strong liquidity position with cash and cash equivalents of $128.8 million as of December 31, 2024 [31] Company Strategy and Development Direction - The company aims to revolutionize financial services through expert asset management and advanced technology, focusing on providing tailored financial solutions [18][17] - The rebranding to Abacus Global Management reflects the company's evolution and global market presence, with a commitment to maintaining momentum in the alternative asset management space [17][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a full-year 2025 adjusted net income between $70 million and $78 million, indicating growth of 51% to 68% compared to 2024 [13][32] - The management highlighted the positive impact of market volatility on origination interest, as individuals seek liquidity and investors look for unique assets [68][71] Other Important Information - The company announced management fee reductions across all ETFs and an 18-month fee waiver on four ETFs to enhance competitiveness [17] - The company has initiated a strategy to simplify its capital structure, including private warrant exchange agreements [22] Q&A Session Summary Question: Key swing factors and assumptions for guidance range - Management clarified that the guidance range does not depend on the full draw of the $50 million revolver, emphasizing strong origination as a key driver [38] Question: Update on direct channel metrics post-advertising adjustments - Management confirmed that advertising was not paused but targeted to non-swing states, resulting in positive impacts on policy origination [42][43] Question: Deployment of capital from recent equity and debt offerings - Management indicated that a significant amount of capital was deployed successfully, with a strong cash position remaining at year-end [48] Question: Strategy for holding policies on the balance sheet - Management stated that policies on the balance sheet are expected to hover around $370 million to $450 million as policies are bought and sold [56] Question: Update on the carrier buyback program - Management reported continued expansion of the carrier buyback program, anticipating growth in 2025 [62] Question: Changes in behavior of individuals life-settling policies - Management noted that market volatility tends to increase interest in liquidity options, positively impacting origination [68][71] Question: Year-end AUM at Carlisle and FCF - Management expressed optimism about the growth of AUM from the acquisitions, with significant interest in new offerings [76][78]

Financial Data and Key Metrics Changes - For Q4 2024, total revenue increased by 40% year over year to $33.2 million, with adjusted net income growing by 126% to $13.4 million and adjusted EBITDA rising by 51% to $16.6 million [7][18] - For the full year 2024, total revenue rose by 69% to $111.9 million, adjusted net income increased by 58% to $46.5 million, and adjusted EBITDA grew by 57% to $61.6 million [8][18] - The adjusted EBITDA margin for Q4 was 50%, compared to 47% in the prior year, while the full year adjusted EBITDA margin was 55%, down from 59% the previous year [18][19] Business Line Data and Key Metrics Changes - Policy originations increased by 63% to 1,034 in 2024, with capital deployed exceeding $344 million [8] - The company completed two strategic acquisitions, adding approximately $2.6 billion in assets under management, enhancing its capabilities and market reach [9][10] Market Data and Key Metrics Changes - The company reported a strong liquidity position with cash and cash equivalents of $128.8 million as of December 31, 2024, and outstanding long-term debt of $342.4 million [19] - The company anticipates a strong 2025, projecting adjusted net income between $70 million and $78 million, implying growth of 51% to 68% compared to 2024 [8][19] Company Strategy and Development Direction - The company aims to solidify its position as a leader in the alternative asset management space, leveraging proprietary technology and data to capture market opportunities [15][21] - The rebranding to Abacus Global Management reflects the company's evolution and global market presence, with a focus on providing tailored financial solutions [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth opportunities ahead, highlighting the positive impact of market volatility on origination interest and investor demand for unique assets [43][45] - The company is well-positioned for 2025, with a strong capital structure and a focus on integrating acquisitions to enhance revenue streams [14][33] Other Important Information - The company raised $181.7 million in additional equity in two oversubscribed offerings and secured a new $150 million debt financing facility [13] - The company is targeting two turns per year on average for policies held on the balance sheet, with an expected average holding period of four to six months [36] Q&A Session Summary Question: Key swing factors in guidance assumptions - Management clarified that the guidance range does not depend on a full draw of the remaining $50 million on the revolver, emphasizing strong origination as a key driver [24] Question: Update on direct channel metrics post-advertising adjustments - Management confirmed that advertising was not paused but targeted to non-swing states, resulting in positive impacts on policy origination [27][28] Question: Deployment of capital from recent equity and debt offerings - Management indicated that a significant amount of capital was deployed in Q4 and expressed confidence in the deployment strategy moving forward [32][33] Question: Changes in behavior from individuals life settling policies - Management noted that market volatility tends to increase interest in liquidity options, positively impacting origination [43][45] Question: Update on the carrier buyback program - Management reported ongoing expansion of the carrier buyback program and positive expectations for 2025 [40][41] Question: Year-end AUM at Carlisle and FCF - Management highlighted positive sentiment and interest in the AUM growth for both entities post-acquisition [50][51]