Earnings summaries and quarterly performance for TPG.
Executive leadership at TPG.
Jon Winkelried
Chief Executive Officer
Anilu Vazquez-Ubarri
Chief Operating Officer
Jack Weingart
Chief Financial Officer
James Coulter
Executive Chair
Jennifer Chu
Chief Legal Officer and General Counsel
Joann Harris
Chief Compliance Officer
Todd Sisitsky
President
Board of directors at TPG.
David Trujillo
Director
Deborah Messemer
Independent Director
Ganen Sarvananthan
Director
Gunther Bright
Independent Director
Jeffrey Rhodes
Director
Kathy Elsesser
Independent Director
Kelvin Davis
Director
Mary Cranston
Independent Director
Nehal Raj
Director
Research analysts who have asked questions during TPG earnings calls.
Glenn Schorr
Evercore ISI
6 questions for TPG
Michael Cyprys
Morgan Stanley
6 questions for TPG
Brian Bedell
Deutsche Bank
5 questions for TPG
Alexander Blostein
Goldman Sachs
4 questions for TPG
Craig Siegenthaler
Bank of America
4 questions for TPG
Kenneth Worthington
JPMorgan Chase & Co.
4 questions for TPG
Arnaud Giblat
BNP Paribas
3 questions for TPG
Brennan Hawken
UBS Group AG
3 questions for TPG
Michael Brown
Wells Fargo Securities
3 questions for TPG
Alex Blostein
Goldman Sachs Group, Inc.
2 questions for TPG
Ben Budish
Barclays PLC
2 questions for TPG
Ken Worthington
JPMorgan
2 questions for TPG
Kyle Voigt
Keefe, Bruyette & Woods
2 questions for TPG
Mike Brown
UBS
2 questions for TPG
Brian McKenna
Citizens JMP Securities
1 question for TPG
Dan Fannon
Jefferies & Company Inc.
1 question for TPG
Daniel Fannon
Jefferies Financial Group Inc.
1 question for TPG
Steven Chubak
Wolfe Research
1 question for TPG
William Katz
TD Cowen
1 question for TPG
Recent press releases and 8-K filings for TPG.
- TPG reported a strong 2025, raising $51 billion and deploying $52 billion, pushing its assets under management (AUM) to figures between $286 billion and more than $300 billion.
- The firm has approximately $72 billion in dry powder and plans to accelerate investments in 2026, targeting opportunities from market dislocation, including the technology sector.
- In Q4, asset-management income jumped sharply to $282 million (compared to $11 million in Q4 2024), fee-related revenue rose 36% year-over-year, and firm-wide AUM grew about 23%.
- TPG's credit platform expanded to about $93 billion by year-end 2025, attracted over $20 billion of new capital, and generated investment returns above 11% for the year.
- TPG declared a quarterly dividend with a record date of February 19, 2026, and a payable date of March 5, 2026.
- TPG reported Net income attributable to TPG Inc. of $77 million for Q4 2025, a significant increase from $13 million in Q4 2024.
- For the full year 2025, the company raised over $51 billion and deployed $52 billion, driving total Assets Under Management (AUM) to over $300 billion.
- Fee-Related Revenues (FRR) for Q4 2025 increased 36% to $628 million compared to Q4 2024, with Fee-Related Earnings (FRE) of $326 million and After-Tax Distributable Earnings (After-tax DE) of $304 million.
- TPG declared a quarterly dividend of $0.61 per share of Class A common stock for Q4 2025, payable on March 5, 2026.
- The company concluded Q4 2025 with $72.4 billion in available capital for deployment.
- TPG reported GAAP net income attributable to TPG Inc. of $77 billion and after-tax distributable earnings of $304 million, or $0.71 per share for Q4 2025, with a declared dividend of $0.61 per share.
- For the full year 2025, TPG achieved record capital raising of $51 billion (up 71% year-over-year) and record capital deployed of $52 billion, alongside $23 billion in realizations. Total AUM grew to $303 billion (up 23% from 2024) and fee-earning AUM to $170 billion (up 20% from 2024).
- Full year 2025 fee-related revenue was $2.1 billion and fee-related earnings (FRE) reached $953 million (up 25% from 2024), with a 45% FRE margin. For 2026, TPG expects capital raising to exceed $50 billion and projects a full year FRE margin of approximately 47%.
- The firm is expanding its private wealth strategy, expecting its TPOP product to more than double in 2026, and plans new products including a multi-strategy credit interval fund and a non-traded REIT. TPG also detailed its disciplined software investment approach, with software comprising 11% of total AUM, focusing on AI-resilient companies.
- TPG reported GAAP net income attributable to TPG Inc. of $77 billion and after-tax distributable earnings of $304 million, or $0.71 per share of Class A common stock for Q4 2025. For the full year 2025, fee-related earnings increased 25% from 2024 to $953 million with a 45% FRE margin.
- The company declared a dividend of $0.61 per share of Class A common stock, which will be paid on March 5, 2026.
- TPG achieved record capital raising of $51 billion in 2025, a 71% increase over the prior year, and deployed a record $52 billion of capital, ending the year with over $300 billion in AUM, up 23% year-over-year.
- For 2026, TPG expects aggregate capital raising to exceed $50 billion and projects a full-year FRE margin of approximately 47%.
- TPG reported full-year fee-related revenue of $2.1 billion and fee-related earnings (FRE) of $953 million for 2025, marking a 25% increase in FRE from 2024. The company concluded 2025 with $303 billion in total Assets Under Management (AUM), a 23% increase year-over-year.
- The firm achieved record capital raising and deployment in 2025, securing $51 billion in capital raised (a 71% increase over the prior year) and deploying $52 billion, the highest annual deployment in TPG's history. Dry powder increased 26% year-over-year to $72 billion by the end of 2025.
- For 2026, TPG expects aggregate capital raising to exceed $50 billion and projects a full-year FRE margin of approximately 47%. The company is also expanding its private wealth strategy and insurance channels, including a strategic partnership with Jackson Financial expected to close in February 2026, with a minimum requirement of $4 billion of fee-earning AUM after two years.
- TPG Inc. reported net income of $282 million for the fourth quarter of 2025, a significant increase from $11 million in 4Q 2024, with diluted net income per share at $0.29.
- For the full year ended December 31, 2025, total revenues reached $4,670,212 thousand, up from $3,500,082 thousand in 2024.
- The company's total Assets Under Management (AUM) grew to $303 billion by December 31, 2025, marking a 23% increase over the last twelve months, and the firm holds $72 billion in dry powder.
- Fee-Related Earnings (FRE) for Q4 2025 rose by 72% to $326 million, improving the FRE margin to 52% from 41% in Q4 2024.
- TPG declared a quarterly dividend of $0.61 per share of Class A common stock, payable on March 5, 2026, bringing the total dividends for fiscal year 2025 to $2.06 per share.
- TPG reported record capital raised of over $51 billion and $52 billion deployed during 2025.
- The firm's total Assets Under Management (AUM) reached more than $300 billion.
- TPG holds $72 billion in dry powder, which positions the firm for sustained growth.
- A quarterly dividend of $0.61 per share of Class A common stock has been declared, payable on March 5, 2026, to holders of record on February 19, 2026.
- TPG has established a long-term strategic partnership with Jackson Financial, a U.S. retirement services firm, to manage a portion of Jackson's general account as their alternatives partner.
- The investment management agreement (IMA) includes a minimum allocation of $12 billion to be managed by TPG, with economic incentives to scale to at least $20 billion. The IMA has a 10-year initial term and TPG will receive market-based fees with a minimum management fee of 50 basis points.
- TPG will invest $500 million in Jackson common stock, representing approximately 6.5% pro forma ownership, and will issue $150 million in TPG common stock to Jackson to further align incentives.
- The partnership is expected to be accretive to TPG's fee-related earnings per share beginning in Q4 2026 and to after-tax distributable earnings per share beginning in fiscal year 2027.
- TPG and Jackson Financial Inc. have established a long-term strategic investment management partnership, with the transaction anticipated to close in Q1 2026.
- As part of the agreement, TPG will invest $500 million in Jackson common stock, while Jackson will receive $150 million of TPG Class A common stock.
- The partnership includes an investment management agreement with a minimum allocation of $12 billion in assets under management (AUM) to TPG Credit, with a goal to scale to at least $20 billion over time, and a minimum fee of 50 bps.
- The transaction is expected to be accretive to TPG's Fee Related Earnings per share beginning in Q4 2026 and to After-Tax Distributable Earnings per share beginning in FY 2027.
- TPG has established a long-term strategic partnership with Jackson Financial, a leading U.S. retirement services firm, to manage a portion of Jackson's general account as their alternatives partner.
- The investment management agreement (IMA) includes a minimum allocation of $12 billion, with economic incentives to scale to at least $20 billion. The initial mandate will focus on investment-grade asset-based finance and direct lending.
- TPG will receive market-based fees for each asset class, with a minimum management fee of 50 basis points applying throughout the 10-year initial term of the partnership, which has automatic one-year renewals through year 15.
- To further align incentives, TPG will invest $500 million into Jackson Common Stock and issue $150 million in TPG Common Stock to Jackson. An additional $150 million of TPG Common Stock could be issued if the total fee-earning AUM reaches at least $20 billion by the 10th anniversary.
- This partnership is expected to be accretive to TPG's fee-related earnings per share beginning in the fourth quarter of 2026 and accretive to after-tax distributable earnings per share beginning in fiscal year 2027.
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