Press release
TPG Reports Third Quarter 2022 Financial Results
Total assets under management of $135 billion as of September 30, 2022, an increase of 24% compared to $109 billion as of September 30, 2021 GAAP net income
About this update from Tpg Inc.
[{"type":"text","content":"\nTotal assets under management of $135 billion as of September 30, 2022, an increase of 24% compared to $109 billion as of September 30, 2021\n\nGAAP net income attributable to TPG Inc. of $37 million and $69 million for the three and nine months ended September 30, 2022, respectively\n\nFee-Related Earnings of $121 million and $315 million for the three and nine months ended September 30, 2022, resulting in Fee-Related Earnings margins of 43% and 40% over the same periods, respectively\n\nAfter-tax Distributable Earnings of $113 million (or $0.30 per share of Class A common stock) for the quarter ended September 30, 2022\n\nAnnounced dividend of $0.26 per share of Class A common stock for the quarter ended September 30, 2022\n\n SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)--\nTPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, reported its unaudited third quarter 2022 results. TPG issued a full detailed presentation of its quarter ended September 30, 2022 results, which can be viewed through the Investor Relations section of TPG’s website at shareholders.tpg.com.\n\n“Our financial results for the third quarter demonstrate the strength and resilience of our business amid the volatile market backdrop. We generated significant quarter-over-quarter growth in management fees, operating margins, and fee-related earnings,” said Jon Winkelried, Chief Executive Officer. “Our total AUM reached $135 billion at quarter end, an increase of 24% year-over-year, which was driven by strong fundraising activity across our business. Given the success of our ongoing fundraising campaigns, we had a record $46 billion of capital available for investment at the end of the third quarter and believe we are well-positioned to continue executing on high quality opportunities in our core thematic areas.”\n\nDividend\nTPG has announced a quarterly dividend of $0.26 per share of Class A common stock to holders of record at the close of business on November 21, 2022, payable on December 2, 2022.\n\nConference Call\nTPG will host a conference call and live webcast at 11:00 a.m. ET. It may be accessed by dialing (800) 343-4849 (US toll-free) or (203) 518-9856 (international), using the conference ID TPGQ322. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast will also be availa...