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.
TPG Inc. Class A Common Stock (symbol: TPG) represents an interest in an American investment powerhouse formerly known as Texas Pacific Group. TPG Inc. is a distinguished private equity firm specializing in leveraged buyouts and growth capital initiatives. The company manages a diverse array of investment funds, encompassing growth capital, venture capital, public equity, and debt investments.
TPG operates across five distinct multi-product platforms, namely Capital, Growth, Impact, Real Estate, and Market Solutions. This structure allows the firm to offer a variety of dynamic investment products and solutions to its extensive client base. The company is committed to achieving operational excellence and maintaining strict discipline in the management and performance of its portfolio.
Recent achievements and ongoing projects illustrate TPG’s continuous growth and influence in the investment sector. The firm’s investment strategies are designed to maximize returns while mitigating risks, ensuring a balanced and profitable portfolio for its investors.
For those seeking to understand or invest in TPG, it’s important to note the firm’s persistent drive towards innovation and market leadership. TPG Inc. collaborates with numerous partners across various industries to create value-driven opportunities. The company's investment philosophy revolves around rigorous analysis, strategic planning, and effective execution, making it a significant player in the global investment landscape.
Stay updated with the latest news and developments from TPG Inc., including financial reports, market trends, and strategic initiatives.
- Source: TPG Inc.
- Source: TPG
- Source: Sayari
- Source: TPG RE Finance Trust, Inc.
- Source: Kroll Bond Rating Agency, LLC
TPG Inc. (NASDAQ: TPG) reported its Q2 2024 results, showcasing significant growth. Total assets under management reached $229 billion, a 65% increase year-over-year. Despite a GAAP net loss of $14 million, the company achieved strong Fee-Related Earnings of $201 million, up 60% from the previous year, with a 44% margin. After-tax Distributable Earnings were $207 million, or $0.49 per share. TPG declared a quarterly dividend of $0.42 per share of Class A common stock. CEO Jon Winkelried highlighted the firm's successful scaling and diversification across private equity, credit, and real estate, emphasizing strong investment performance and long-term value creation for investors.
TPG RE Finance Trust, Inc. (NYSE: TRTX) reported its Q2 2024 operating results. The company generated Distributable Earnings of $0.28 per share, representing a dividend coverage ratio of 1.2x. TRTX maintained $389 million in liquidity and a conservative debt-to-equity ratio of 2:1. Key highlights include:
- GAAP net income of $21.0 million, or $0.26 per common share
- Book value per common share of $11.40
- Declared cash dividend of $0.24 per share
- Received loan repayments of $186.1 million
- Weighted average risk rating of the loan portfolio remained at 3.0
- Allowance for credit losses decreased to $69.6 million
- Non-mark-to-market borrowings represented 78.7% of total borrowings
TRTX also closed a new $96.0 million first mortgage loan and received a full loan repayment of $33.9 million post-quarter.
TPG RE Finance Trust, Inc. (NYSE: TRTX) has announced its schedule for releasing second quarter 2024 financial results and hosting a conference call. The company will release its Q2 2024 earnings report and file Form 10-Q after market close on Tuesday, July 30, 2024. A conference call and webcast to discuss the results is scheduled for Wednesday, July 31, 2024, at 9:00 a.m. ET. Investors can join the call using specific dial-in numbers or access the webcast via the company's investor relations website. A replay of the call will be available until August 14, 2024, with both phone and online access options provided.
TPG, a global alternative asset management firm, will release its financial results for the second quarter of 2024 on August 6, 2024, before the market opens. A conference call will be held at 11:00 a.m. ET to discuss these results. Investors can join the call by dialing (800) 245-3047 (US toll-free) or (203) 518-9765 (international), using the conference ID TPGQ224. The call and a simultaneous webcast can be accessed through TPG's Investor Relations section. A replay of the webcast will be available on the company's website.
TPG (NASDAQ: TPG), a global alternative asset management firm, announced the creation of a new company to acquire, invest in, and build a global business focused on talent management and representation. Michel Pratte, former President of Boat Rocker Media, will lead the company as CEO, with Eric Taitz as COO. The new company's first investment is in Untitled Entertainment, a renowned Hollywood talent management firm with 25 years of experience. Untitled's Founding Partners, Jason Weinberg and Stephanie Simon, will continue as Co-CEOs and Partners. TPG's experience in entertainment and media investments aims to scale the new business and support talent with comprehensive resources and tools.
TPG, a global asset management firm, has announced a strategic investment in K2 Medical Research, a clinical trial site platform focused on CNS trials. Founded by Sean Stanton and Brandon Lenox, K2 operates multiple sites in Florida specializing in Alzheimer's, psychiatry, and liver disease trials. K2 has conducted over 150 studies for major sponsors such as AbbVie and Johnson & Johnson. This partnership aims to accelerate K2's growth and enhance its integrated site platform. K2's unique strengths include a diverse patient recruitment model, mobile research units, agile start-up processes, and fully integrated technology platforms.
TPG RE Finance Trust (NYSE: TRTX) announced a cash dividend of $0.24 per common share for Q2 2024.
The dividend is set for July 25, 2024, payable to shareholders of record as of June 27, 2024.
TPG RE Finance Trust (TRTX) has declared a cash dividend of $0.3906 per share for its 6.25% Series C Cumulative Redeemable Preferred Stock. This dividend pertains to the second quarter of 2024.
The dividend will be paid on June 28, 2024, to shareholders who own the preferred stock as of June 18, 2024. This announcement follows the approval from the company's Board of Directors.
TPG RE Finance Trust (TRTX) announced that CFO Bob Foley will host investor meetings and deliver a moderated corporate presentation at Nareit's REITweek: 2024 Investor Conference on June 5, 2024. The presentation will be accessible on TRTX's Investor Relations webpage. This event is significant for TRTX as it provides a platform to communicate its financial health, strategies, and future outlook to investors.
TPG, a global alternative asset management firm (NASDAQ: TPG), announced that CEO Jon Winkelried will present at the Morgan Stanley U.S. Financials, Payments & CRE Conference on June 11, 2024, at 3:15 p.m. ET.
A live audio webcast of the presentation will be accessible through TPG's Investor Relations website. A replay will also be available shortly after the event for those who miss the live session.
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