TPG Inc. - TPG STOCK NEWS

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.

TPG and Hassana Investment Company have announced a $1.5 billion strategic partnership in the TPG Rise Climate platform. This partnership includes a major commitment to TPG's new Transition Infrastructure fund, aiming to capitalize on global climate investment opportunities. TPG CEO Jon Winkelried emphasized the alignment of goals between the two firms, aiming to lead the evolution of climate investing. Jim Coulter, TPG's Founding Partner, highlighted that large investors like Hassana are important for the climate economy's capital demands. Hani Aljehani, CIO of Hassana, praised TPG Rise Climate's track record of strong returns and impact-driven investments. This collaboration aims to enhance investments in areas such as energy transition, green mobility, sustainable fuels, and carbon solutions.

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.

KBRA affirms AA- issuer and senior unsecured debt ratings for TPG Operating Group II, L.P. with a subordinated debt rating of A+. The Outlook is Stable. The ratings reflect TPG's advantageous market position, strong performance track record, extensive fundraising capabilities, and growth prospects. With substantial dry powder, client overlap, and strategic acquisitions, TPG is well-positioned for organic growth and EBITDA growth in 2024. TPG benefits from high base management fees, stable AUM, and robust ability to generate performance fees. The issuance of senior and subordinated notes, along with a flexible cost base, support the rating assignment. TPG is viewed as a fundamentally stronger asset class with favorable industry outlook.

TPG RE Finance Trust, Inc. (TRTX) announced the release of its first quarter 2024 financial results and conference call details. The financial results will be disclosed on April 30, 2024, with a conference call scheduled for May 1, 2024, at 9:00 a.m. ET. Investors can access the call through dial-in or webcast. A replay will be available until May 15, 2024.

Sayari, a leading counterparty and supply chain risk intelligence platform, has closed a $235 million strategic investment from TPG, including additional capital for organic growth and M&A. Sayari Graph, the flagship product, offers risk insights for investigative purposes and supply chain risk management. The collaboration with TPG aims to accelerate global expansion efforts and introduce Sayari Map, a supply chain risk mapping solution.

TPG Inc. (NASDAQ: TPG) will release Q1 2024 financial results on May 8, 2024, followed by a conference call and webcast. Investors can access the call and webcast through the company's website.

TPG (NASDAQ: TPG) acquires Classic Collision, a leading national collision repair operator, from New Mountain Capital. The transaction aims to leverage Classic Collision's market leadership and customer satisfaction to drive growth and innovation in the auto body repair industry.