Press release
TPG Reports Second Quarter 2024 Results
Total assets under management of $229 billion as of June 30, 2024, an increase of 65% compared to $139 billion as of June 30, 2023 GAAP net loss attributable
About this update from Tpg Inc.
[{"type":"text","content":"\nTotal assets under management of $229 billion as of June 30, 2024, an increase of 65% compared to $139 billion as of June 30, 2023\n\n\nGAAP net loss attributable to TPG Inc. of $14 million for the second quarter ended June 30, 2024, with basic net loss per share of Class A common stock of $0.15\n\n\nFee-Related Earnings of $201 million for the second quarter ended June 30, 2024, an increase of 60% year-over-year, resulting in a Fee-Related Earnings margin of 44%\n\n\nAfter-tax Distributable Earnings of $207 million (or $0.49 per share of Class A common stock) for the second quarter ended June 30, 2024\n\n\nDividend of $0.42 per share of Class A common stock for the second quarter ended June 30, 2024\n\n\n SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)--\nTPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, reported its unaudited second quarter 2024 results. TPG issued a full detailed presentation of its second quarter ended June 30, 2024 results, which can be viewed through the Investor Relations section of TPG’s website at shareholders.tpg.com.\n\n\n“Our strong second quarter results reflect the accelerating momentum in our business as we continue to successfully scale and diversify,” said Jon Winkelried, Chief Executive Officer. “We finished the quarter with $229 billion of AUM across more than 30 differentiated investment strategies in private equity, credit, and real estate. Over the past year, we drove a step-function change in our growth profile and earnings power as a result of both organic and inorganic activity. Our firm is capitalizing on our expanded breadth to deliver strong investment performance for our clients and build long term value for our investors.”\n\n\nDividend\n\n\nTPG has declared a quarterly dividend of $0.42 per share of Class A common stock to holders of record at the close of business on August 16, 2024, payable on August 30, 2024.\n\n\nConference Call\n\n\nTPG will host a conference call and live webcast today at 11:00 am ET. It may be accessed by dialing (800) 245-3047 (US toll-free) or (203) 518-9765 (international), using the conference ID TPGQ224. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast will also be available and can be accessed through the Investor Relations section of TPG’s website at shareholders.tpg...