Estate of founder David Bonderman sells 21M shares of TPG at $46.57 in secondary offering

TPG Inc.

21,000,000 shares of TPG Class A common stock sold by DB Holdings I, L.P. (Bonderman estate) at $46.57 per share.
Offering closed May 22, 2025; TPG received no proceeds as all shares were secondary.
Underwriting agreement with J.P. Morgan Securities LLC includes customary rep, warranty, and indemnification terms.
The sale reduces the Bonderman estate's holding but does not dilute existing TPG shareholders.

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