TPG Q1 2022 Earnings Report
Key Takeaways
TPG Inc. reported strong financial results for the first quarter of 2022, highlighting momentum across its five multi-product platforms. The company's after-tax distributable earnings more than tripled compared to the same period in 2021, and total assets under management increased by 26%. TPG also announced its first dividend as a public company.
GAAP net income attributable to TPG Inc. was $41 million for the first quarter ended March 31, 2022.
The company announced its first dividend as a public company, at $0.44 per share of Class A common stock for the first quarter of 2022.
After-tax Distributable Earnings for the first quarter ended March 31, 2022, more than tripled compared to the comparable period in 2021, reaching $199 million (or $0.52 per share of Class A common stock).
Total assets under management reached $120 billion as of March 31, 2022, a 26% increase compared to $95 billion as of March 31, 2021.