TPG Q2 2024 Earnings Report
Key Takeaways
TPG reported a net loss of $14 million for the second quarter of 2024, but experienced growth in assets under management and fee-related earnings. AUM increased significantly year-over-year, and fee-related earnings also saw substantial growth.
Total assets under management reached $229 billion, a 65% increase year-over-year.
GAAP net loss attributable to TPG Inc. was $14 million, with a net loss per share of $0.15.
Fee-Related Earnings increased by 60% year-over-year to $201 million, with a Fee-Related Earnings margin of 44%.
After-tax Distributable Earnings were $207 million, or $0.49 per share of Class A common stock.
TPG
TPG
Forward Guidance
The company's forward-looking statements involve risks and uncertainties that could cause actual results to differ materially. TPG cautions against relying on these statements and undertakes no obligation to update them.