TPG Results Presentation Deck
GAAP Balance Sheet (Unaudited)
Our investments decreased $593 million, or 10%, from 4Q'21 to 2Q'22, mainly driven by realizations and a
2.4% decline in the value of our portfolio of investments in 2Q'22
In 4Q'21 we effectuated certain aspects of the Reorganization with respect to assets transferred to
RemainCo, including cash and economic entitlements associated with certain other investments, which is
reflected in our GAAP actuals; the pro forma column includes the impact of the IPO and additional
Reorganization activities
($ in thousands)
Assets
Cash and cash equivalents
Investments
Other assets
Assets of consolidated TPG Funds and Public SPACs
Total assets
Liabilities, redeemable equity and equity
Liabilities
Debt obligations
Due to affiliates
Accrued performance allocation compensation
Other liabilities
Liabilities of consolidated TPG Funds and Public SPACS
Total liabilities
Redeemable equity attributable to consolidated Public SPACS
Equity
Class A and B common stock
Partners' capital controlling interests
Other non-controlling interests
Total equity
Total liabilities, redeemable equity and equity
$
$
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
$
$
Pro Forma
4Q'21
1,376,746
6,109,046
831,785
1,024,465
9,342,042
444,444
634,324
3,848,126
348,426
56,532
5,331,852
1,000,027
498,560
2,511,603
3,010,163
9,342,042
GAAP
2Q'22
1,177,825
5,515,798
884,060
1,009,400
8,587,083
444,035
187,423
3,412,415
437,378
40,894
4,522,145
1,000,900
484,813
2,579,225
3,064,038
8,587,083
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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