TPG Q3 2024 Earnings Report
Key Takeaways
TPG reported Q3 2024 results with $239 billion in assets under management, a 76% increase year-over-year. The firm deployed nearly $23 billion of capital, generated realizations of almost $16 billion, and raised more than $21 billion across its strategies through the first three quarters of the year. GAAP net income attributable to TPG Inc. was $9 million, with basic net income per share of $0.04. Fee-Related Earnings increased by 22% year-over-year to $191 million, resulting in a Fee-Related Earnings margin of 41%. After-tax Distributable Earnings were $189 million, or $0.45 per share.
Total assets under management reached $239 billion, a 76% increase compared to the previous year.
GAAP net income attributable to TPG Inc. was $9 million, with basic net income per share of $0.04.
Fee-Related Earnings increased by 22% year-over-year to $191 million, with a 41% margin.
After-tax Distributable Earnings were $189 million, or $0.45 per share.