TPG Reports Fourth Quarter and Full Year 2024 Results

Rhea-AI Summary

TPG Inc. (NASDAQ: TPG) has announced its unaudited fourth quarter and full year 2024 financial results. The company reported strong investment and financial performance throughout 2024, with significant progress in key business areas including fundraising, deployment, and organic growth.

The company has declared a quarterly dividend of $0.53 per share of Class A common stock, payable on March 7, 2025, to shareholders of record as of February 21, 2025.

CEO Jon Winkelried expressed confidence in the company's momentum heading into 2025, highlighting multiple growth opportunities and the team's focus on generating differentiated returns for clients while building long-term shareholder value.

Positive

• Reported strong investment and financial performance in 2024
• Achieved substantial progress in fundraising, deployment, and organic growth
• Maintained stable quarterly dividend of $0.53 per share

Negative

• None.

Insights

Financial Analyst

TPG's latest earnings announcement warrants careful analysis within the context of the alternative asset management sector. The declared quarterly dividend of $0.53 per Class A share signals continued strong cash generation and commitment to shareholder returns. This dividend announcement is particularly noteworthy for a company operating in an industry where capital allocation flexibility is important for seizing investment opportunities.

The CEO's emphasis on fundraising and deployment progress is significant for two key reasons: First, successful fundraising in the current market environment indicates strong institutional investor confidence in TPG's investment strategy and track record. Second, healthy deployment levels suggest the firm is finding attractive investment opportunities despite market volatility and elevated valuations.

The mention of organic growth is particularly interesting as it suggests TPG is expanding its capabilities and market presence without relying solely on acquisitions - a strategy that typically yields higher returns on invested capital. The firm's positioning for 2025 with "multiple levers to accelerate growth" likely refers to:

• Expansion into new investment strategies
• Geographic market penetration
• Scaling of existing investment platforms
• Potential operational synergies

For investors, the key takeaway is TPG's demonstrated ability to maintain strong operational execution while positioning itself for future growth. The firm's focus on differentiated returns suggests a strategic emphasis on specialized investment opportunities that could provide competitive advantages in an increasingly crowded alternative assets market.

SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)-- TPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, reported its unaudited fourth quarter and full year 2024 results. TPG issued a full detailed presentation of its fourth quarter and full year ended December 31, 2024 results, which can be viewed through the Investor Relations section of TPG’s website at shareholders.tpg.com.

“We delivered strong investment and financial performance in 2024 and also made substantial progress across key drivers of our business including fundraising, deployment, and organic growth,” said Jon Winkelried, Chief Executive Officer. “We are entering 2025 with significant momentum and have multiple levers to accelerate our growth throughout the year. Our team is excited about the opportunities to continue to generate differentiated returns for our clients and build long-term value for our shareholders.”

Dividend

TPG has declared a quarterly dividend of $0.53 per share of Class A common stock to holders of record at the close of business on February 21, 2025, payable on March 7, 2025.

Conference Call

TPG will host a conference call and live webcast today at 11:00 am ET. It may be accessed by dialing (800) 245-3047 (US toll-free) or (203) 518-9765 (international), using the conference ID TPGQ424. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast will also be available and can be accessed through the Investor Relations section of TPG’s website at shareholders.tpg.com. A webcast replay will be made available on the Events page in the Investor Relations section of TPG’s website.

About TPG

TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $246 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.

Forward Looking Statements; No Offers

This document may contain “forward-looking” statements. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and similar references to future periods, or by the inclusion of forecasts or projections. Examples of forward-looking statements include, but are not limited to, statements we make regarding the outlook for our future business and financial performance, estimated operational metrics, business strategy and plans and objectives of management for future operations, including, among other things, statements regarding expected growth, future capital expenditures, fund performance, dividends and dividend policy, and debt service obligations.

Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by any forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the inability to recognize the anticipated benefits of the acquisition of Angelo Gordon; unexpected costs related to the integration of the Angelo Gordon business and operations; our ability to manage growth and execute our business plan; and regional, national or global political, economic, business, competitive, market and regulatory conditions, among various other risks discussed in the Company’s SEC filings.

For the reasons described above, we caution you against relying on any forward-looking statements, which should be read in conjunction with the other cautionary statements included elsewhere in this document and risk factors discussed from time to time in the Company’s filings with the SEC, which can be found at the SEC’s website at http://www.sec.gov. Any forward-looking statement in this document speaks only as of the date of this document. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update or revise any forward-looking statement after the date of this document, whether as a result of new information, future developments or otherwise, except as may be required by law. No recipient should, therefore, rely on these forward-looking statements as representing the views of the Company or its management as of any date subsequent to the date of the document.

This document does not constitute an offer of any TPG Fund.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250210057049/en/

Shareholders

Gary Stein

212-601-4750

shareholders@tpg.com

Media

Luke Barrett

415-743-1550

media@tpg.com

Source: TPG Inc.

FAQ

What is TPG's quarterly dividend payment for Q4 2024?

TPG declared a quarterly dividend of $0.53 per share of Class A common stock, payable on March 7, 2025, to shareholders of record as of February 21, 2025.

How did TPG perform in fiscal year 2024?

TPG reported strong investment and financial performance in 2024, with significant progress in fundraising, deployment, and organic growth.

When will TPG pay its Q4 2024 dividend?

TPG will pay its Q4 2024 dividend on March 7, 2025, to shareholders of record as of February 21, 2025.

What are TPG's growth prospects for 2025?

According to CEO Jon Winkelried, TPG is entering 2025 with significant momentum and multiple levers to accelerate growth throughout the year.