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Mar 31, 2024
TPG Q1 2024 Earnings Report
TPG reported first quarter 2024 results, highlighted by a significant increase in AUM and Fee-Related Earnings.
Key Takeaways
TPG reported strong first quarter results, driven by organic growth and the acquisition of Angelo Gordon. Total AUM reached $224 billion, and Fee-Related Earnings increased by 84% year-over-year.
Total assets under management reached $224 billion as of March 31, 2024, a 63% increase compared to the previous year.
GAAP net income attributable to TPG Inc. was $16 million, with basic net income per share of $0.09.
Fee-Related Earnings increased by 84% year-over-year to $182 million, resulting in a Fee-Related Earnings margin of 40%.
After-tax Distributable Earnings were $181 million, or $0.49 per share of Class A common stock.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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