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TPG(TPG) - 2025 Q2 - Earnings Call Presentation

Financial Performance - TPG's Distributable Earnings for the second quarter of 2025 increased by 26% year-over-year[4] - Net income for 2Q'25 was $30 million, compared to a net loss of $58 million in 2Q'24[16] - Net income attributable to TPG Inc was $15 million for 2Q'25, compared to a net loss of $14 million in 2Q'24[16] - After-tax Distributable Earnings (DE) increased from $207 million in 2Q'24 to $268 million in 2Q'25, driven by realized performance allocations and Fee-Related Earnings (FRE)[27] - Fee-Related Earnings (FRE) increased 9% from $201 million in 2Q'24 to $220 million in 2Q'25, with a consistent FRE margin of 44%[22] Assets Under Management (AUM) - Total Assets Under Management (AUM) reached $261 billion, a 14% increase in the last twelve months[17] - Fee-Earning Assets Under Management (FAUM) totaled $146 billion, up 7% over the same period[17] - 2Q'25 Fee-Related Revenues (FRR) increased 8% over 2Q'24, primarily driven by management fees[26] Capital Activity - Capital raised in 2Q'25 was $113 billion, compared to $63 billion in 2Q'24[17] - Capital invested in 2Q'25 was $104 billion, compared to $76 billion in 2Q'24[17] Dividend - TPG declared a quarterly dividend of $059 per share of Class A common stock[5]