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Jun 30, 2024
TPG Q2 2024 Earnings Report
TPG reported mixed results for Q2 2024, with a net loss but growth in fee-related earnings and AUM.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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