TPG Results Presentation Deck
Pro Forma Non-GAAP Balance Sheet Footnotes
Notes to the Unaudited Pro Forma Condensed Consolidated Non-GAAP Balance Sheet Measures as of December 31, 2021
1) The difference between non-GAAP and pro form a non-GAAP balance sheet measures relates to the transfer of Excluded Assets, which consist of rights to future performance allocations
related to certain general partner entities. Additionally, certain of our other investments and investments into TPG Funds have been excluded, because such interests are not part of the
TPG Operating Group. We would have transferred (i) $27.2 million of cash; (ii) $204.5 million of other assets; and (iii) $203.3 million of other liabilities to Remain Co.
2)
Includes $431.2 million of proceeds, net of estimated underwriting discounts and unpaid offering costs of $31.8 million, of which $24.0 million was previously capitalized and accrued in
Other Assets, net and Accounts payable, accrued expenses and other, respectively.
3) Following the Reorganization, the TPG Operating Group and Common Unit holders are expected to receive approximately 20% of the future performance allocations associated with the
general partner entities that we retain an economic interest in as described in Note 2 above. This adjustment reduces our share of accrued performance allocations by $575.1 million.
4) Reflects a Tax Receivable Agreement liability of $10.4 million related to the Reorganization of TPG into a corporation and associated offering transactions.
5) Represents the impact to the net book value of the TPG Operating Group after the IPO transaction adjustments.
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