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Sep 30, 2022

TPG Q3 2022 Earnings Report

Reported strong financial results driven by resilience amid market volatility, with significant growth in management fees, operating margins, and fee-related earnings.

Key Takeaways

TPG reported a GAAP net income of $37 million and Fee-Related Earnings of $121 million. The total AUM reached $135 billion, a 24% increase year-over-year, driven by strong fundraising activity. The company announced a dividend of $0.26 per share of Class A common stock.

Total assets under management reached $135 billion, a 24% increase compared to the previous year.

GAAP net income attributable to TPG Inc. was $37 million.

Fee-Related Earnings were $121 million, resulting in a Fee-Related Earnings margin of 43%.

After-tax Distributable Earnings were $113 million, or $0.30 per share of Class A common stock.

Total Revenue
$282M
Previous year: $741M
-61.9%
EPS
$0.3
Previous year: $6.73
-95.5%
Assets Under Management
$135B
Previous year: $109B
+23.9%
Gross Profit
$40.4M
Previous year: $605M
-93.3%
Cash and Equivalents
$1.05B
Total Assets
$8.6B

TPG

TPG

Forward Guidance

TPG is well-positioned to continue executing on high quality opportunities in its core thematic areas, with a record $46 billion of capital available for investment.