---
schema_version: "secwatch.filing_event.v1"
accession: "0001880661-23-000100"
form_type: "8-K"
ticker: "TPG"
cik: "0001880661"
company_name: "TPG Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T17:43:26.032217+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TPG Q3 GAAP net income $15M ($0.14/share), Fee-Related Earnings +29% YoY to $156M, closes Angelo Gordon acquisition

## Summary
- 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.

## SEC filing metadata
- accession: 0001880661-23-000100
- form_type: 8-K
- ticker: TPG
- cik: 0001880661
- company_name: TPG Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1880661/000188066123000100/0001880661-23-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880661/000188066123000100/tpg-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001880661-23-000100
- JSON: https://secwatch.observer/filing/0001880661-23-000100.json
- Plain text: https://secwatch.observer/filing/0001880661-23-000100.txt

## Key facts
- Earnings Releases
  TPG Inc. reported the third quarter ended September 30, 2023 results: net income $15 million, EPS $0.14.
  - Period: the third quarter ended September 30, 2023
  - Net income: $15 million
  - EPS: $0.14
  - Result: reported results
  source text: GAAP net income attributable to TPG Inc. of $15 million for the third quarter ended September 30, 2023, with basic net income per share of Class A common stock of $0.14
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880661/000188066123000100/0001880661-23-000100-index.htm

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