Total assets under management of $239 billion as of September 30, 2024, an increase of 76% compared to $136 billion as of September 30, 2023
GAAP net income attributable to TPG Inc. of $9 million for the third quarter ended September 30, 2024, with basic net income per share of Class A common stock of $0.04
Fee-Related Earnings of $191 million for the third quarter ended September 30, 2024, an increase of 22% year-over-year, resulting in a Fee-Related Earnings margin of 41%
After-tax Distributable Earnings of $189 million (or $0.45 per share of Class A common stock) for the third quarter ended September 30, 2024
Dividend of $0.38 per share of Class A common stock for the third quarter ended September 30, 2024
TPG Inc., a leading global alternative asset management firm, reported its unaudited third quarter 2024 results. TPG issued a full detailed presentation of its third quarter ended September 30, 2024 results, which can be viewed through the Investor Relations section of TPG’s website at shareholders.tpg.com.
“TPG’s strong third quarter results highlight the broad-based momentum across our firm,” said Jon Winkelried, Chief Executive Officer. “We just marked the one-year anniversary of our acquisition of Angelo Gordon, and we are operating as one firm with the full force of our combined capabilities. Through the first three quarters of this year, we have deployed nearly $23 billion of capital, generated realizations of almost $16 billion, and raised more than $21 billion across our strategies. Our strong track record, brand, and the integrated business we’ve built across private equity, credit, and real estate are clearly resonating with our clients and other key stakeholders.”
Dividend
TPG has declared a quarterly dividend of $0.38 per share of Class A common stock to holders of record at the close of business on November 14, 2024, payable on December 2, 2024.
Conference Call
TPG 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 TPGQ324. 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.com. A webcast replay will be made available on the Events page in the Investor Relations section of TPG’s website.
