TPG Q3 2023 Earnings Report
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.
TPG
TPG
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.