TPG Reports Second Quarter 2024 Results
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 Inc. (NASDAQ: TPG) ha riportato i risultati per il secondo trimestre del 2024, evidenziando una crescita significativa. Il patrimonio totale gestito ha raggiunto 229 miliardi di dollari, con un aumento del 65% rispetto all'anno precedente. Nonostante una perdita netta secondo i principi contabili GAAP di 14 milioni di dollari, l'azienda ha ottenuto forti guadagni legati alle commissioni pari a 201 milioni di dollari, in crescita del 60% rispetto all'anno scorso, con un margine del 44%. I guadagni distributabili dopo le tasse ammontano a 207 milioni di dollari, equivalenti a 0,49 dollari ad azione. TPG ha dichiarato un dividendo trimestrale di 0,42 dollari per azione della Classe A di azioni ordinarie. Il CEO Jon Winkelried ha sottolineato il successo della società nella scalabilità e diversificazione nel private equity, nel credito e nel settore immobiliare, enfatizzando le solide performance degli investimenti e la creazione di valore a lungo termine per gli investitori.
TPG Inc. (NASDAQ: TPG) reportó sus resultados del segundo trimestre de 2024, mostrando un crecimiento significativo. Los activos totales bajo gestión alcanzaron 229 mil millones de dólares, un aumento del 65% en comparación al año anterior. A pesar de una pérdida neta según GAAP de 14 millones de dólares, la empresa logró sólidos ingresos relacionados con comisiones de 201 millones de dólares, un 60% más que el año anterior, con un margen del 44%. Los ingresos distribuidos después de impuestos fueron de 207 millones de dólares, o 0,49 dólares por acción. TPG declaró un dividendo trimestral de 0,42 dólares por acción de las acciones comunes de clase A. El CEO Jon Winkelried destacó el éxito de la firma en la escalabilidad y diversificación en capital privado, crédito e inmobiliaria, enfatizando el sólido rendimiento de las inversiones y la creación de valor a largo plazo para los inversionistas.
TPG Inc. (NASDAQ: TPG)는 2024년 2분기 실적을 발표하며 눈에 띄는 성장을 보여주었습니다. 총 관리 자산은 2,290억 달러에 도달했으며, 이는 전년 대비 65% 증가한 수치입니다. GAAP 기준 순손실이 1,400만 달러인 것에 비해, 회사는 수수료 관련 수익으로 2억 1백만 달러를 달성하며 전년 대비 60% 증가했고, 44%의 마진을 기록했습니다. 세후 분배 가능한 수익은 2억 0.7백만 달러로, 주당 0.49달러에 해당합니다. TPG는 클래스 A 보통주에 대해 주당 0.42달러의 분기 배당금을 선언했습니다. CEO Jon Winkelried는 사모펀드, 신용, 부동산 전반에 걸친 성장을 강조하며, 투자 성과가 강하고 투자자에게 장기적인 가치 창출을 위한 기업의 성공적인 스케일링과 다각화를 언급했습니다.
TPG Inc. (NASDAQ: TPG) a annoncé ses résultats pour le deuxième trimestre 2024, présentant une croissance significative. Les actifs totaux sous gestion ont atteint 229 milliards de dollars, soit une augmentation de 65% par rapport à l'année précédente. Malgré une perte nette selon les normes GAAP de 14 millions de dollars, la société a enregistré des revenus liés aux frais de 201 millions de dollars, en hausse de 60% par rapport à l'année dernière, avec une marge de 44%. Les bénéfices distribuables après impôts étaient de 207 millions de dollars, soit 0,49 dollar par action. TPG a déclaré un dividende trimestriel de 0,42 dollar par action de classe A. Le PDG Jon Winkelried a souligné le succès de l'entreprise dans l'évolutivité et la diversification au sein du capital-investissement, du crédit et de l'immobilier, en insistant sur la forte performance des investissements et la création de valeur à long terme pour les investisseurs.
TPG Inc. (NASDAQ: TPG) hat seine Ergebnisse für das 2. Quartal 2024 veröffentlicht, die ein signifikantes Wachstum zeigen. Die verwalteten Gesamtvermögen erreichten 229 Milliarden Dollar, was einem Anstieg von 65% im Vergleich zum Vorjahr entspricht. Trotz eines GAAP-Nettoverlusts von 14 Millionen Dollar erzielte das Unternehmen starke gebührenbezogene Einnahmen von 201 Millionen Dollar, was einem Anstieg von 60% zum Vorjahr entspricht, mit einer Marge von 44%. Die nach Steuern verfügbaren Erträge belaufen sich auf 207 Millionen Dollar, oder 0,49 Dollar pro Aktie. TPG hat eine vierteljährliche Dividende von 0,42 Dollar pro Aktie der Klasse A der Stammaktien erklärt. CEO Jon Winkelried hob das erfolgreiche Wachstum und die Diversifizierung des Unternehmens in den Bereichen Private Equity, Kredit und Immobilien hervor und betonte die starke Investmentperformance sowie die Schaffung von langfristigem Wert für die Investoren.
- Total assets under management increased by 65% year-over-year to $229 billion
- Fee-Related Earnings grew 60% year-over-year to $201 million
- Fee-Related Earnings margin of 44%
- After-tax Distributable Earnings of $207 million ($0.49 per share)
- Quarterly dividend of $0.42 per share declared
- GAAP net loss of $14 million for Q2 2024
- Basic net loss per share of Class A common stock of $0.15
Insights
TPG's Q2 2024 results show a mixed financial picture. The firm reported a
The
TPG's Q2 results reflect a broader trend in alternative asset management. The firm's expansion across private equity, credit and real estate aligns with increasing investor appetite for diversified alternative investments. The
The firm's strategy of both organic growth and acquisitions has led to a step-change in its growth profile. This approach could be particularly advantageous in the current market environment, where scale and diversification are increasingly important. However, the GAAP net loss highlights the challenges of integrating acquisitions and scaling operations rapidly. Investors should watch how TPG balances growth with profitability in coming quarters, as this will be important for long-term value creation in the competitive asset management landscape.
Total assets under management of
GAAP net loss attributable to TPG Inc. of
Fee-Related Earnings of
After-tax Distributable Earnings of
Dividend of
“Our strong second quarter results reflect the accelerating momentum in our business as we continue to successfully scale and diversify,” said Jon Winkelried, Chief Executive Officer. “We finished the quarter with
Dividend
TPG has declared a quarterly dividend of
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 TPGQ224. 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
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.
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Shareholders
Gary Stein
212-601-4750
shareholders@tpg.com
Media
Luke Barrett
415-743-1550
media@tpg.com
Source: TPG Inc.
FAQ
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