Tpg Inc. · NASDAQ:TPG
Tpg — Merger or Acquisition (January 2026)
14 slides from Tpg's merger presentation, Jan 6, 2026
Slide 1: TPG and Jackson Establish Long-Term Strategic Partnership
Exhibit 99.2 TPG and Jackson Establish Long-Term Strategic Partnership January 2026
Slide 2: Important Notices
Important Notices This presentation is being provided by TPG Inc. (“TPG,” “we,” “our,” “us,” or the “Company”) solely for informational purposes for its public stockholders. To the maximum extent permitted by law, none of us or our affiliates, directors, officers, partners, employees, agents, or adv
Slide 3: TPG and Jackson Establish Long-Term Strategic Partnership
TPG and Jackson Establish Long-Term Strategic Partnership Further Accelerates Growth of Shared Economic Ownership Long Duration Investment TPG’s Credit and Insurance to Ensure Long-Term Management Agreement Solutions Capabilities Strategic Alignment ▪ TPG and Jackson will enter into ▪ Relationship i
Slide 4: Jackson is a Leading U.S. Retirement Services Firm
Jackson (NYSE: JXN) is a Leading U.S. Retirement Services Firm Company and Financial Highlights Business Mix ▪ Jackson is a leading, publicly-traded U.S. insurance company with broad annuity offerings and complementary businesses ▪ Leader in the annuity market with history of innovative product desi
Slide 5: Partnership with Jackson Highly Complementary to TPG's Growth Strategy
Partnership with Jackson Highly Complementary to TPG’s Growth Strategy ▪ Partnership expands TPG’s insurance footprint and further diversifies sources of capital Diversifies and Extends TPG’s Capital Base▪ Extends the duration of TPG’s capital base, providing highly valuable and predictable long-ter
Slide 6: TPG is Rapidly Expanding into the Attractive Insurance Channel
TPG is Rapidly Expanding into the Attractive Insurance Channel ▪ Significant progress in driving organic Significant Expansion of TPG’s Insurance Solutions Business growth in insurance, supporting overall credit Gross Insurance Commitments | $Billions fundraising – Insurance capital raised in 2025 i
Slide 7: Key Transaction Terms
Key Transaction Terms ▪ Size: Minimum AUM of $12 billion — $4 billion of AUM by the end of Year 2 and $12 billion of AUM by the end of Year 5 — Additional economic incentives to grow the mandate to at least $20 billion of AUM Investment ▪ Term: 10-year initial term with automatic 1-year renewals thr
Slide 8: TPG Credit Overview
TPG Credit Overview
Slide 9: TPG Credit: A Premier Platform with Differentiated Origination Capabilities
TPG Credit: A Premier Platform with Differentiated Origination Capabilities TPG Credit: Specialization at Scale Proprietary Consistency of Deep Asset “Win-Win” Middle Market Asset Based Origination & Teams Investing Class & Sector Partnerships 1 2 3 4 Direct Lending Finance Structuring Through Cycle
Slide 10: Partnership to Leverage Unique Market Position of TPG Asset Based Finance Platform
Partnership to Leverage Unique Market Position of TPG Asset Based Finance Platform Differentiated ABF Franchise with 20 Year History Deployment Optimized for Insurance Private ABF Needs $150 Billion+ 50+ 45+ Capital-efficient exposure Total Investment Activity Origination Partners Investment Profess
Slide 11: Significant Momentum in TPG Credit Capital Formation Since Closing of Angelo Gordon
Significant Momentum in TPG Credit Capital Formation Since Closing of Angelo Gordon ▪ TPG Credit has reached a TPG Credit Capital Raised meaningful inflection point in $Billions capital formation – Expect to raise approximately $20 billion of credit capital in ~$20 2025, representing the largest cre
Slide 12: Meaningful Growth Across the TPG Credit Platform
Meaningful Growth Across the TPG Credit Platform Credit Solutions Middle Market Direct Lending Asset Based Finance AUM | $Billions AUM | $Billions AUM | $Billions $28.8 $19.9 $26.3 2.5x 2.2x 2.6x $20.6 $12.9 $15.8 $11.9 $11.7 $7.8 2020 2023 3Q'25 2020 2023 3Q'25 2020 2023 3Q'25 TPG has driven strong
Slide 13: Endnotes
Endnotes TPG and Jackson Establish Long-Term Strategic Partnership Key Transaction Terms 1. 10-year initial term with automatic 1-year renewals through Year 15. 1. Based on Jackson’s shares outstanding as of October 24, 2025, pro forma for the issuance of common stock to TPG, and the Jackson 30-cale
Slide 14: Definitions
Definitions After-tax Distributable Earnings (“After-tax DE”) is a non-GAAP performance measure of our distributable earnings after reflecting the impact of income taxes. We use it to assess how income tax expense affects amounts available to be distributed to our Class A common stockholders and Com