TPG Inc - Ordinary Shares - Class A

Financial Performance: TPG reported a GAAP net income of $25 million and after-tax distributable earnings (DDE) of $187 million for Q1 2025, equating to $0.48 per share. The firm declared a dividend of $0.41 per share, indicating a continued return to shareholders despite challenging market conditions.

Strong Fundraising Momentum: The firm raised nearly $6 billion in Q1, with significant contributions from private credit, environmental impact funds, and new funds like the TPG Capital and healthcare partners funds. Expectations indicate that fundraising efforts will surpass the previous year, although efforts may elongate due to ongoing market volatility.

Market Environment Challenges: Market volatility has been observed due to inflation concerns, tariffs, and general policy uncertainty. TPG's leadership emphasizes minimal direct exposure to tariffs, but a cautious approach is maintained as uncertainty and fluctuations persist in the broader economy.