[Music] Namaste. I want to take you back to 2020. You remember that weird loud silence of the CO 19 lockdown.Empty streets, overflowing thoughts, and just way too much time. I was bored out of my mind, staring at the same four walls every day. Then one day, a friend's mom who ran this newspaper magazine reached out to me.She asked me to make a video on how I bake change. Now, here's the thing. I was 11.Change. I didn't even know how to change the remote batteries properly, but I said, "Sure, because why not ...

Ethiopia appointed the African Development Bank to lead efforts to raise funds for the construction of what would be Africa’s biggest airport https://t.co/fPdCje9QJV ...

You pitched to a lot of investors before you got backers. 167. Yeah.What was the hardest part about getting investors on board. And what would your advice be to other small business owners who are trying to navigate that fundraising process. You know, we're a complicated business because we're not one linear thing.There's so many single skew brands, which the VC community love that very predictable single skew brand. We're doing food, we're doing beauty, we're doing household goods. We're doing a bunch of d ...

Financial Data and Key Metrics Changes - TPG reported GAAP net income attributable to TPG Inc. of $15 million and after-tax distributable earnings of $268 million, or $0.69 per share of Class A common stock, reflecting a 30% year-over-year increase in after-tax distributable earnings [4][29]. - Total assets under management (AUM) increased by 14% year-over-year to $261 billion, driven by $36 billion of capital raised and $21 billion of value creation [27]. - Fee-earning AUM rose by 7% year-over-year to $146 billion as of June 30, 2025 [27]. Business Line Data and Key Metrics Changes - Fundraising grew nearly 80% year-over-year to $11.3 billion, with $5.4 billion coming from the credit platform, marking the second highest fundraising quarter in TPG's history [6][32]. - Deployment increased by 36% year-over-year to over $10 billion, with significant investments in various sectors including technology and sustainable agriculture [15][17]. - Realizations totaled $6.5 billion during the quarter, with notable exits from several companies [21][22]. Market Data and Key Metrics Changes - The company experienced strong early support for its second GP Solutions Fund, which is expected to be significantly larger than its predecessor [10]. - Insurance contributed nearly 30% of the credit capital raised in the second quarter, indicating a growing focus on this market segment [13]. - The company is actively expanding its investor base outside of North America, particularly in the Middle East, Asia, and Latin America [9]. Company Strategy and Development Direction - TPG is focused on scaling its credit businesses and preparing for the launch of new private equity funds, with a strong emphasis on innovation and product development [26]. - The company aims to deepen relationships with existing clients while establishing new partnerships, particularly in the insurance sector [14][55]. - TPG is entering the back half of the year with significant strength across its platforms, expecting to continue delivering outstanding results for clients and shareholders [25]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of the private equity asset class as a return driver for institutional accounts, despite broader market challenges [44]. - The company anticipates a breakout year in 2025 for credit fundraising, driven by strong demand and a robust pipeline [13][32]. - Management highlighted the importance of maintaining a focus on fee-related earnings growth while exploring strategic partnerships in the insurance sector [54]. Other Important Information - TPG completed the acquisition of PepperTree, which is expected to enhance its digital infrastructure strategy [6]. - The company ended the quarter with record dry powder of $63 billion, representing 43% of fee-earning AUM [20]. - TPG's real estate portfolio appreciated approximately 3% in the second quarter and 14% over the last twelve months, indicating strong performance in this segment [31]. Q&A Session Summary Question: Insights on Private Equity Cycle - Management noted that TPG's performance differs from broader market trends, with strong growth in private equity driven by effective fund management and intentional portfolio composition [44][46]. Question: Insurance Strategy - Management emphasized the importance of maintaining FRE centricity and being cautious about assuming liabilities in insurance transactions, focusing on partnerships to enhance distribution capabilities [52][54]. Question: Fund Size Expectations - Management indicated that the first close of $9 billion reflects strong re-ups from existing LPs, with expectations for continued growth in fund sizes [60][63]. Question: Deployment Opportunities - Management expressed optimism about deployment opportunities across various business lines, anticipating an acceleration in the second half of the year [68][70]. Question: Capital Markets Growth - Management highlighted the ongoing build-out of capital markets capabilities, which are expected to grow in correlation with the firm's overall growth and transactional activity [76][80]. Question: Retail Opportunity and TPOP Expansion - Management discussed plans to broaden distribution for TPOP and the development of new products across various asset classes, including credit and real estate [84][87].

TPG gathered $4.8 billion for the latest iteration of a fund that bets on rapidly growing earlier-stage companies https://t.co/K7SO6E0UTA ...

I speak to people in the industry and they tell me it's actually a really difficult time for fundraising right now, especially LPs turning a little bit frustrated at the lack of realization of gains. Does it help having an anchor investor like a sovereign wealth fund as one of your main investors to help attract other investors in. Absolutely.I think today uh the historic relationship of LPGP relationships, I don't think they exist anymore in terms of you just go, you raise a fund, you tap into your investo ...

RT FINN (@finnbags)recap of the last few days:over $500K raised for good causes like:- clean water- breast cancer- testicular cancer- planting trees- unbagging the ocean (saving turtles)- being helpful- saving kids- saving cats- saving dogs- providing food- a kids cancer treatmentover $100K raised for- agentic trading software- open source softwareover $50K raised for- funding and development of 2 sovereign countriesand a lot more...what happens next week?only possible on @BagsApp ...

how we underwrite, you know, these big funds. Now, today, it's simple math, but I'll walk you through it. So, and this is a live manager.I won't share their name, but so we'll look at their fund raise. So, this manager was was targeting a $7 billion fund raise. And so, what we do is we do a dollar weighted entry ownership across their different funds.So, this had a billion dollar early stage fund, a $2 to$3 billion growth fund, and the rest was an opportunity fund. And as an LP, most LPS have to invest para ...

Let's end the hour with some wishworthy desserts. Three kids in Seattle who are all dealing with lifealtering medical issues are cooking up a way to make wishes come true for other young patients all across the country. Some say it's the icing on the cake as they each navigate their own healing journeys.NBC News correspondent Jay Gray has their story. How do my cuffs look. For 17-year-old Rue Diangel, a self-proclaimed foodie, sharing the kitchen with chef Uraj at the Fairmont Olympic Hotel in Seattle, is l ...

What founders should think about if looking to raise a Series C | TechCrunch https://t.co/eHJWzp7oBX ...