Press release
TPG Reports First Quarter 2023 Financial Results
Total assets under management of $137 billion as of March 31, 2023, an increase of 14% compared to $120 billion as of March 31, 2022 GAAP net income
About this update from Tpg Inc.
[{"type":"text","content":"\nTotal assets under management of $137 billion as of March 31, 2023, an increase of 14% compared to $120 billion as of March 31, 2022\n\n\nGAAP net income attributable to TPG Inc. of $25 million for the first quarter ended March 31, 2023, with basic net income per share to Class A common stock of $0.27\n\n\nFee-Related Earnings of $99 million for the first quarter ended March 31, 2023, resulting in a Fee-Related Earnings margin of 37%\n\n\nAfter-tax Distributable Earnings of $88 million (or $0.24 per share of Class A common stock) for the first quarter ended March 31, 2023\n\n\nDividend of $0.20 per share of Class A common stock for the first quarter ended March 31, 2023\n\n\nTPG announces strategic acquisition of Angelo Gordon\n\n\nTPG to host conference call today at 8:00 am ET\n\n\n SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)--\nTPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, reported its unaudited first quarter 2023 results. TPG issued a full detailed presentation of its quarter ended March 31, 2023 results, which can be viewed through the Investor Relations section of TPG’s website at shareholders.tpg.com.\n\n\n\"TPG’s financial results for the first quarter continue to demonstrate the durability of our fee-related earnings-centric business model. With a near record $43 billion of dry powder and a growing pipeline of attractive investment opportunities, we believe we are well-positioned to deploy capital across our core sectors and themes in an increasingly favorable environment,” said Jon Winkelried, Chief Executive Officer. “We also announced today that TPG has agreed to acquire Angelo Gordon, a fully integrated and scaled multi-strategy alternatives platform in credit and real estate. This transaction is highly compelling and advances our position as a diversified global alternative asset manager. We’ve been focused on building long-term shareholder value and strategic diversification, and believe this announcement unlocks new avenues for growth, product innovation, and client engagement.\"\n\n\nDividend\nTPG has declared a quarterly dividend of $0.20 per share of Class A common stock to holders of record at the close of business on May 25, 2023, payable on June 5, 2023.\n\n\nConference Call\nIn a separate news release this morning, TPG announced it has entered into a definitive agreem...