TPG Investor Presentation Deck
Embedded Earnings from Net Accrued Performance
Allocations
Reflects allocation of 20% of performance
allocation to TPG Operating Group²
$769
YTD Net Accrued Performance Allocations Evolution ($M)¹
Dec-2021³
16%
Portion of Net Accrued
Performance Allocations
Realized in YTD Period
($122)
YTD Realized Gains
1. Figures for December 2021 presented on a pro form a 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.
$149
YTD Value Creation
and Other 5
$796
Mar-2022
3. Accrued performance allocations represents on a pro form a basis the amounts allocable to the TPG Operating Group Common Unit holders based on the estimated allocation percentages.
4. YTD Realized Gains represents realized performance allocations, net attributable to the TPG Operating Group Common Unit holders for the three months ended March 31, 2022.
5. YTD Value Creation represents the net appreciation in net 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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