Welcome to our dedicated page for TPG news (Ticker: $TPG), a resource for investors and traders seeking the latest updates and insights on TPG stock.
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TPG Inc., a leading global alternative asset management firm, reported strong first quarter 2024 results with total assets under management reaching $224 billion, a 63% increase year-over-year. The company's GAAP net income was $16 million, Fee-Related Earnings were $182 million, and After-tax Distributable Earnings were $181 million, resulting in a dividend of $0.41 per share. TPG highlighted significant momentum in its business, driven by organic growth and the strategic acquisition of Angelo Gordon.
TPG RE Finance Trust, Inc. reported a successful first quarter with $371 million of available liquidity and a 100% performing loan portfolio. The company recognized GAAP net income of $13.1 million, declared a cash dividend of $0.24 per share, and originated three first mortgage loans totaling $116.3 million. They ended the quarter with $370.7 million of near-term liquidity and received a full loan repayment of $44.5 million. The Board approved a $25 million share repurchase plan. For more details, visit Company's website.