Press release
TPG Reports Fourth Quarter and Full Year 2022 Financial Results
Total assets under management of $135 billion as of December 31, 2022, an increase of 19% compared to $114 billion as of December 31, 2021 GAAP net income
About this update from Tpg Inc.
[{"type":"text","content":"\nTotal assets under management of $135 billion as of December 31, 2022, an increase of 19% compared to $114 billion as of December 31, 2021\n\nGAAP net income attributable to TPG Inc. of $24 million and $92 million for the three months and year ended December 31, 2022, respectively, with basic net income per share to Class A common stock of $0.28 and $1.10 over the same periods, respectively\n\nFee-Related Earnings of $139 million and $454 million for the three months and year ended December 31, 2022, resulting in Fee-Related Earnings margins of 45% and 42% over the same periods, respectively\n\nAfter-tax Distributable Earnings of $227 million (or $0.59 per share of Class A common stock) for the quarter ended December 31, 2022\n\nAnnounced dividend of $0.50 per share of Class A common stock for the quarter ended December 31, 2022\n\n SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)--\nTPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, reported its unaudited fourth quarter and full year 2022 results. TPG issued a full detailed presentation of its fourth quarter and full year ended December 31, 2022 results, which can be viewed through the Investor Relations section of TPG’s website at shareholders.tpg.com.\n\n“Since TPG’s IPO early last year, we’ve navigated markets with more disruption and volatility than we’ve seen in over a decade. Against this challenging backdrop, we surpassed what we set out to accomplish in our first year as a public company,” said Jon Winkelried, Chief Executive Officer. “We finished 2022 with total AUM of $135 billion, which increased nearly 20% year-over-year, driven by $30 billion of new capital raised across our platforms. We also delivered strong financial performance in 2022, with fee-related earnings of $454 million, which grew 39% from pro forma 2021. We believe our solid results through such a volatile year demonstrate the durability of our franchise, and ensure we remain well-positioned for long-term growth and diversification.”\n\nDividend\n\nTPG has declared a quarterly dividend of $0.50 per share of Class A common stock to holders of record at the close of business on February 27, 2023, payable on March 10, 2023.\n\nConference Call\n\nTPG will host a conference call and live webcast at 11:00 a.m. ET. It may be accessed by dialing (800) 225-9448 (US toll-free) or (2...