earnings
confidence high
sentiment positive
materiality 0.75
TPG Q3 GAAP net income $15M ($0.14/share), Fee-Related Earnings +29% YoY to $156M, closes Angelo Gordon acquisition
TPG Inc.
2023-Q3 EPS reported
-$0.08
revenue$1,406,774,000
- GAAP net income of $15M ($0.14 per share); Fee-Related Earnings of $156M, up 29% YoY; FRE margin 49%.
- After-tax Distributable Earnings of $196M ($0.56/share); quarterly dividend declared at $0.48/share.
- Total AUM $136B as of Sep 30, 2023; combined AUM with Angelo Gordon $212B.
- Acquisition of Angelo Gordon closed Nov 1, 2023, expanding credit and real estate capabilities.
- Jon Winkelried cites strong deal flow and long-term secular trends in alternatives.