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 Operating Group II, L.P., an indirect subsidiary of TPG Inc., completed an offering of $500,000,000 aggregate principal amount of 4.875% Senior Notes due 2031 on February 26, 2026.
- The Notes bear an annual interest rate of 4.875%, with semi-annual payments commencing November 15, 2026, and will mature on May 15, 2031.
- These notes are unsecured and unsubordinated obligations of the Issuer, fully and unconditionally guaranteed by TPG Inc. and its other indirect subsidiaries.
- The offering generated gross proceeds of $499,570,000 from an issue price of 99.914% of the principal amount.
- The expected credit ratings for the notes are Moody's: A3, S&P: BBB+, and Fitch: A-.
- Verallia reported 2025 revenue of €3,331 million, a -3.6% decrease compared to 2024, with adjusted EBITDA reaching €692 million and a 20.8% margin.
- Free cash flow for 2025 doubled to €166 million from €83 million in 2024, while the net debt ratio increased to 2.7x adjusted EBITDA as of December 2025, up from 2.1x in December 2024.
- The company's Board of Directors decided to propose a €1.00 per share dividend for the 2025 financial year, with an option for shareholders to receive it in cash or new shares.
- For 2026, Verallia anticipates an adjusted EBITDA of around €700 million and a free cash flow of approximately €220 million.
- Verallia is considering adapting its industrial footprint in Europe, including the closure of a site in Germany, the shutdown of a furnace in France, and the shutdown of a furnace in the United Kingdom in parallel with the restart of a more efficient one nearby.
- TPG Operating Group II, L.P., an indirect subsidiary of TPG, priced a registered public offering of $500,000,000 aggregate principal amount of 4.875% senior notes due 2031.
- The notes will bear interest at a rate of 4.875% per year, with semi-annual payments beginning on November 15, 2026.
- The offering is expected to close on February 26, 2026, and the net proceeds will be used to pay down outstanding debt under its revolving credit facility and for general corporate purposes.
- TPG Inc. announced that its indirect subsidiary, TPG Operating Group II, L.P., intends to offer senior notes due 2031 in a registered public offering.
- The net proceeds from this offering are planned to pay down outstanding debt under its revolving credit facility and for general corporate purposes.
- Wells Fargo Securities, LLC, BofA Securities, Inc., and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.
- TPG Inc. and Jackson Financial Inc. have closed a long-term strategic investment management partnership.
- Under the agreement, TPG will manage a minimum commitment of $12 billion of Assets Under Management (AUM) for Jackson, with economic incentives aligned to a long-term target of $20 billion, under a 10-year initial term.
- TPG made a $500 million minority investment in Jackson, acquiring 4,715,554 shares of Jackson's common stock, which represents an approximate 6.5% common equity stake.
- Additionally, TPG issued 2,279,109 shares of TPG Class A common stock to a wholly owned, indirect subsidiary of Jackson.
- TPG reported a "breakout year" in 2025, raising $51 billion in capital, a 70% increase from the prior year, and growing Fee Related Earnings (FRE) to approximately $950 million.
- The firm is strategically diversifying its Asset Under Management (AUM), with private equity now representing about 50% of total AUM, down from 80% four years ago, and aims to raise over $50 billion in 2026 with an expected FRE margin of 47%.
- TPG is expanding its private wealth channel with TPOP, which has raised approximately $1.5 billion by the end of January since its launch in June last year, and is growing its insurance business through a strategic partnership with Jackson Financial for a long-term investment management agreement starting at $12 billion.
- The credit business, significantly bolstered by the Angelo Gordon acquisition, raised $20 billion in 2025 and is evolving with new initiatives in investment-grade asset-backed finance and TPG Advantage Direct Lending.
- TPG reported a "breakout year" in 2025, with $51 billion in capital raised (a 70% increase from $30 billion in 2024), $50 billion deployed, FRR growing to $2.1 billion, and FRE reaching $950 million.
- For 2026, TPG targets over $50 billion in fundraising and expects its FRE margin to expand to about 47% from 45% in 2025.
- The firm is diversifying its growth beyond private equity, with AUM in private equity now 50% (down from 80% at IPO), and significant expansion in credit (raised $20 billion in 2025) and real estate (at least four funds in market for 2026).
- Key strategic initiatives include a $12 billion (potentially $20 billion) insurance partnership with Jackson Financial and the successful launch of the private wealth product TPOP, which raised $1.5 billion by January 2026.
- TPG reported a "breakout year" in 2025, raising approximately $51 billion in capital, a 70% increase from the prior year's $30 billion, and deploying over $50 billion.
- The company anticipates another robust fundraising year in 2026, expecting to raise in excess of $50 billion, and projects its FRE margin to expand to about 47% from 45% in 2025.
- TPG is diversifying its AUM, with private equity now representing about 50% compared to 80% at its 2022 IPO, and plans to launch at least four different real estate funds in 2026.
- The firm launched TPOP in June 2025, a private wealth product that had raised about $1.5 billion by January 2026, and established a strategic insurance partnership with Jackson Financial, starting with a $12 billion investment management agreement.
- 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.
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