TPG Inc. (NASDAQ:TPG) CEO Jon Winkelried stated that the firm’s performance in Q1 was “particularly notable given the complex macro backdrop.”
“The convergence of AI disruption, private credit stress, and geopolitical conflict has created significant market uncertainty… We’ve delivered some of our best-performing vintages during periods of dislocation,” he said on the Q1 earnings call with analysts.
The CEO added that the firm views the current environment as “an opportunity,” and has “never felt more confident in the positioning of our franchise and our ability to successfully execute on our growth drivers.”
TPG’s fee-related earnings exceeded $1 billion in the last 12 months for the first time, reflecting a 31% annualized growth rate since its initial public offering (IPO).
In credit, the firm raised $4.4 billion, adding commitments from several new partnerships. Winkelried noted that “While the asset class has been under heightened scrutiny more recently, our credit portfolios are healthy, and we have strong conviction in the long-term growth outlook for our business.”
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