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TPG raises $15 bln in Q3, expects to surpass $50 bln fundraising goal

By Reuters News


Overview

  • Alternative asset manager raised $15 bln in Q3, expects to exceed $50 bln fundraising target for 2026

  • Q3 EPS was $0.41

  • Company declared Q3 dividend of $0.55 per share


Outlook

  • TPG expects to exceed its $50 bln fundraising target for 2026

  • Company sees an attractive investment environment ahead with $86 bln of dry powder


Result Drivers

  • FUNDRAISING MOMENTUM - Co said strong investment performance and client relationships supported $15 bln raised in the qtr and put it on track to exceed full-yr fundraising target

  • DRY POWDER - Co reported record $86 bln of dry powder, citing an attractive investment environment


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

$0.41

Q3 Dividend

$0.55


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the investment management & fund operators peer group is "buy"

  • Wall Street's median 12-month price target for TPG Inc is $58.00, about 30.1% above its October 28 closing price of $44.59

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago


Reuters Recommended Reads

  • Oct 29 - Ares raises $31 billion on private credit, real assets fundraising strength

  • Oct 27 - Advent raises $30 billion for latest buyout, mid-market funds

  • Oct 29 - CVC says next buyout fund might surpass latest, assets jump one-fourth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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