TPG Inc. · Q4 2022 earnings

Briefing

TPG's financial performance reflected growth in AUM and fee-related earnings.

TPG reported a nearly 20% year-over-year increase in total AUM, reaching $135 billion, driven by $30 billion of new capital raised. The company's fee-related earnings grew by 39% from pro forma 2021, reaching $454 million for the year. After-tax Distributable Earnings for the quarter ended December 31, 2022 was $227 million, or $0.59 per share.

• Total assets under management reached $135 billion as of December 31, 2022, a 19% increase year-over-year.
• GAAP net income attributable to TPG Inc. was $24 million for the quarter ended December 31, 2022.
• Fee-Related Earnings were $139 million for the quarter ended December 31, 2022, resulting in Fee-Related Earnings margins of 45%.
• After-tax Distributable Earnings were $227 million (or $0.59 per share) for the quarter ended December 31, 2022.
• A dividend of $0.50 per share of Class A common stock was announced for the quarter ended December 31, 2022.

Headline financials

Revenue & EPS history

This press release contains forward-looking statements based on the Company’s beliefs and assumptions and on information currently available to the Company and the company does not undertake to update or revise any forward-looking statement after the date of this press release, whether as a result of new information, future developments or otherwise, except as may be required by law.