TPG Results Presentation Deck
GAAP Balance Sheet (Unaudited)
In 4Q'21 we effectuated certain aspects of the Reorganization with respect to assets transferred to
Remain Co, including cash and economic entitlements associated with certain other investments, which is
reflected in our GAAP actuals; the pro forma column includes the impact of the IPO and additional
Reorganization activities
■
Our investments decreased $556 million, or 8%, from 3Q'21 to 4Q'21 largely due to the Reorganization
offset by value creation of 7% in 4Q'21
($ in thousands)
Assets
Cash and cash equivalents
Investments
Other assets
Assets of consolidated TPG Funds and public SPACs
Total assets
Liabilities, redeemable equity and partners' capital
Liabilities
Debt obligations
Due to affiliates
Other liabilities
Liabilities of consolidated TPG Funds and public SPACs
Total liabilities
Redeemable equity from consolidated public SPACS
Partners' capital
Class A common stock
Class B common stock
Additional paid-in-capital
Partners' capital controlling interests
Other non-controlling interests
Total partners' capital
Total liabilities, redeemable equity and equity
$
$
3Q'21
1,783,221
6,664,831
681,430
1,640,551
10,770,033
244,874
1,187,688
564,028
170,011
2,166,601
1,285,021
3,506,720
3,811,691
7,318,411
10,770,033
GAAP
$
$
4Q'21
972,729
6,109,046
855,773
1,024,465
8,962,013
444,444
826,999
372,597
56,532
1,700,572
1,000,027
1,606,593
4,654,821
6,261,414
8,962,013
$
$
3Q'21
Pro Forma
2,125,738
5,943,421
672,068
1,291,103
10,032,330
444,874
945,056
4,029,966
88,718
5,508,614
1,285,021
79
230
509,424
2,728,962
3,238,695
10,032,330
$
$
4Q'21
1,376,746
6,109,046
831,785
1,024,465
9,342,042
444,444
634,324
4,196,552
56,532
5,331,852
1,000,027
79
230
498,251
2,511,603
3,010,163
9,342,042
Note: Pro forma financial measures are on an adjusted basis, assuming the Reorganization and IPO occurred on January 1, 2020; see the Reconciliations and Disclosures section of this presentation for a full reconciliation and description of adjustments.
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