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Sep 30, 2023
TPG Q3 2023 Earnings Report
Reported strong financial results with fee-related earnings growth and completed the acquisition of Angelo Gordon.
Key Takeaways
TPG reported strong Q3 2023 financial results, with a 29% year-over-year increase in fee-related earnings to $156 million. The company also completed the acquisition of Angelo Gordon, expanding its AUM to $212 billion.
Total assets under management reached $136 billion as of September 30, 2023.
GAAP net income attributable to TPG Inc. was $15 million for the third quarter of 2023.
Fee-Related Earnings increased by 29% year-over-year to $156 million, with a Fee-Related Earnings margin of 49%.
After-tax Distributable Earnings were $196 million, or $0.56 per share of Class A common stock.
Forward Guidance
This press release contains forward-looking statements regarding the company's future business and financial performance, estimated operational metrics, business strategy and plans and objectives of management for future operations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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