TPG Financial Performance and Growth Strategies
Strong Financial Profile of Consistent,
Profitable Growth
Assets Under Management ($B)
$120
$114
$80
$85
$90
$727
$67
2017
2018
2019
2020
2021
Mar-2022
2020
Pre-Tax Distributable Earnings (DE) 1 ($M)
$247
2020
$572
2021
$718
Mar-2022 LTM
TPG Operating Group receives 20% of Performance Allocations²
Fee-Related Revenue¹ ($M)
$874
2021
$921
TPG
Mar-2022 LTM
Fee-Related Earnings (FRE)1 ($M)
$227
$326
$351
2020
2021
Mar-2022 LTM
31%
FRE Margin
37%
38%
1. All periods shown are on a pro forma basis adjusted for the Reorganization as if it occurred January 1, 2020. See appendix for a reconciliation to GAAP revenue and net income, as applicable. These non-GAAP metrics should be viewed in conjunction with the GAAP metrics
that are included in the appendix herein.
2. Based primarily on current and future generation funds, excluding legacy and former affiliate funds.
25View entire presentation