TPG Results Presentation Deck
FAUM Rollforward
FAUM increased $4.1 billion in 1Q'22 and $13.1 billion in the last twelve months, an increase of 7% and
26%, respectively
■
Increases over both periods were driven by fee earning capital raised in TREP IV of the Real Estate
platform, with contribution from Rise Climate in the Impact platform in the last twelve months
($ in millions)
FAUM
Balance as of Beginning of Period
Fee Earning Capital Raised (1)
Net Change in Actively Invested Capital (2)
Reduction in Fee Base of Certain Funds (3)
FAUM as of end of period
($ in millions)
FAUM
Balance as of Beginning of Period
Fee Earning Capital Raised (1)
Net Change in Actively Invested Capital (2)
Reduction in Fee Base of Certain Funds (3)
FAUM as of end of period
$
$
Capital
26,208
(725)
25,483
Capital
27,666
1,133
(3,316)
25,483
Growth
$
Three Months Ended March 31, 2022
$ 10,514 $ 10,801
448
(27)
159
10,672
Growth
Impact
8,484 $
2,090
98
$ 10,672
11,222
Impact
4,501
7,038
(317)
$
Last Twelve Months Ended March 31, 2022
11,222
Real
Estate
6,235
4,267
241
10,744
Real
Estate
5,742
4,309
693
10,744
Market
Solutions
$ 6,336
74
(326)
$
6,084
Market
Solutions
4,663
325
1,096
6,084
$
$
$
Total
60,094
4,788
(677)
64,205
Total
51,056
14,895
(1,746)
64,205
1. Fee earning capital raised represents capital raised by our funds for which management fees calculated based on commitments were activated during the period.
2. Net change in actively invested capital includes capital invested during the period, net of return of capital distributions and changes in net asset value of hedge funds. It also includes adjustments related to funds with a fee structure based on the lower of cost
or fair value.
3. Reduction in fee base represents decreases in the fee basis for funds where the investment or commitment fee period has expired, and the fee base has reduced from commitment base to actively invested capital. It also includes reductions for funds that are
no longer fee paying.
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