TPG Q4 2023 Earnings Report
Key Takeaways
TPG reported its Q4 and Full Year 2023 results, which included GAAP net income attributable to TPG Inc. of $13 million, Fee-Related Earnings of $226 million, and After-tax Distributable Earnings of $206 million. The company's total assets under management reached $222 billion. A dividend of $0.44 per share of Class A common stock was declared.
Completed strategic acquisition of Angelo Gordon on November 1, 2023.
Total assets under management reached $222 billion as of December 31, 2023, a 64% increase year-over-year.
GAAP net income attributable to TPG Inc. was $13 million for the fourth quarter ended December 31, 2023.
Fee-Related Earnings were $226 million for the fourth quarter ended December 31, 2023, a 62% year-over-year increase.
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Forward Guidance
TPG enters 2024 with significant momentum and levers to drive continued growth.