Bending the Curve: Driving Transformative Growth
Embedded Earnings from Accrued Performance
Allocations
YTD Accrued Performance Allocations Evolution ($M)1
$676
Reflects allocation of 20% of performance
allocation to Public Company²
$392
Dec-2020 3
39%
Portion of Accrued
Performance Allocations
Realized in YTD Period
-$151
$433
YTD Realized Gains 4
5
YTD Value Creation
3
Sep-2021
1. Figures for 2020 presented on a pro forma basis and give effect to the reorganization as if it occurred as of January 1, 2020.
2. Based primarily on current and future generation funds, excluding legacy and former affiliate funds.
3. Accrued performance allocations represents on a pro forma basis the amounts allocable to the TPG Operating Group Common Unit holders based on the estimated allocation percentages.
4. YTD Realized Gains represents the performance allocation realized gains on a pro forma basis attributable to the TPG Operating Group Common Unit holders for the nine months ended September 30, 2021.
5. YTD Value Creation represents on a pro forma basis the net appreciation in accrued performance allocations attributable to the TPG Operating Group Common Unit holders based on the performance of the underlying funds and their investments.
TPG
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