TPG reported a strong third quarter with significant growth in assets under management (AUM) and fee-related earnings, underscored by a record $18 billion in capital raised.
- Achieved GAAP net income of $67 million and $214 million in after-tax distributable earnings, equating to $0.53 per share.
- Total AUM grew 20% year-over-year, with fee-related earnings up 18%, reflecting robust capital formation and deployment.
- Fundraising surged, with $18 billion raised, a 60% increase from Q2 and a 75% year-over-year jump, driven by private equity and credit sectors.
- Successfully deployed a record $15 billion, marking a 70% increase year-over-year, with a significant contribution from credit strategies.
- Enhanced penetration into insurance and private wealth channels, contributing to over $1 billion raised in these sectors during the quarter.
Community Discussion