---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-113855"
form_type: "8-K"
ticker: "TPG"
cik: "0001880661"
company_name: "TPG Inc."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T14:14:04.779409+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TPG to acquire Peppertree Capital Management for up to $660M cash/equity plus $300M earnouts

## Summary
- Consideration: up to $242M cash + $418M equity at closing, plus earnouts up to $300M based on performance.
- Peppertree has $7.7B AUM focused on wireless towers and digital infrastructure; combined AUM ~$253.6B.
- Co-presidents Howard Mandel and Ryan Lepene will continue leading Peppertree post-closing.
- Transaction approved by TPG board; expected close in Q3 2025, subject to customary conditions.
- Deal expected to be immediately accretive to TPG's fee-related earnings and after-tax distributable EPS.

## SEC filing metadata
- accession: 0001193125-25-113855
- form_type: 8-K
- ticker: TPG
- cik: 0001880661
- company_name: TPG Inc.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1880661/000119312525113855/0001193125-25-113855-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880661/000119312525113855/d892911d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-113855
- JSON: https://secwatch.observer/filing/0001193125-25-113855.json
- Plain text: https://secwatch.observer/filing/0001193125-25-113855.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.