TPG INC Stock Price, News & Analysis

TPG RE Finance Trust (TRTX) reported solid Q1 2025 financial results, with GAAP net income of $10.0 million ($0.12 per share) and Distributable Earnings of $19.4 million ($0.24 per share). The company maintained its quarterly dividend of $0.24 per share.

Key highlights include:

• Book value per share: $11.19
• Share repurchase: 379,868 shares at $8.36 average price
• Strong liquidity position: $457.6 million
• Issued $1.1 billion CRE CLO with 87.5% advance rate

The loan portfolio maintained a weighted average risk rating of 3.0, with an allowance for credit losses of $67.2 million. Post-quarter, TRTX closed two multifamily loans totaling $131.0 million and continued its share buyback program, purchasing 769,623 additional shares at $7.32 per share.

Sabre (NASDAQ: SABR) has entered into a definitive agreement to sell its Hospitality Solutions business unit to TPG for $1.1 billion in cash. The transaction will establish Hospitality Solutions as a standalone business, currently serving over 40% of the world's leading hotel brands.

The deal is expected to generate net cash proceeds of approximately $960 million after taxes and fees, which Sabre plans to use primarily for debt reduction. This strategic move aligns with Sabre's goal of achieving a long-term net leverage target of 2.5x to 3.5x.

The transaction, expected to close by the end of Q3 2025, will allow Sabre to focus on its core airline IT and travel marketplace platforms. The deal includes a transition services agreement to facilitate the business handover. TPG will invest through its TPG Capital private equity platform, leveraging its experience in corporate carveouts and software businesses.

TPG and Temasek have announced a significant minority investment in Cliffwater , joining existing investor TA Associates. The transaction, expected to close in Q2 2025, will maintain Cliffwater's management team majority control.

Founded in 2004, Cliffwater has evolved into a market leader in private markets funds for wealth management investors. The firm currently manages approximately $36 billion in assets under management (AUM) and $80 billion in assets under advisement (AUA). Their flagship fund, the Cliffwater Corporate Lending Fund (CCLFX), is the largest private credit interval fund in the U.S., managing $27.9 billion in net assets as of March 31, 2025.

Cliffwater offers various investment solutions, including private credit and private equity interval funds, along with advisory and consulting services for asset allocation, portfolio construction, and manager selection.

TPG RE Finance Trust (NYSE: TRTX) has scheduled its first quarter 2025 financial results release and conference call. The company will release its Q1 2025 financial results, Form 10-Q, and earnings supplemental after market close on Tuesday, April 29, 2025.

A conference call and webcast to discuss the results will be held at 9:00 a.m. ET on Wednesday, April 30, 2025. U.S. and Canadian participants can dial +1 (877) 407-9716, while international callers should use +1 (201) 493-6779. The webcast will be accessible via the company's investor relations website.

A replay will be available from 12:00 p.m. ET on April 30 through May 14, 2025, accessible at +1 (844) 512-2921 (domestic) or +1 (412) 317-6671 (international) with passcode 13752390.

TPG (NASDAQ: TPG), a leading global alternative asset management firm, has scheduled its first quarter 2025 financial results announcement. The company will release its Q1 2025 results before market opening on Wednesday, May 7, 2025.

A conference call and live webcast will be held at 11:00 a.m. ET the same day. Investors can access the call by dialing (800) 245-3047 (US toll-free) or (203) 518-9765 (international) using conference ID TPGQ125. A simultaneous webcast will be available through TPG's Investor Relations website at shareholders.tpg.com, with a replay accessible later on the Events page.

TPG RE Finance Trust (NYSE: TRTX) has successfully closed TRTX 2025-FL6, a $1.1 billion managed Commercial Real Estate Collateralized Loan Obligation (CRE CLO) on March 28, 2025. The company placed $962.5 million of investment grade securities with institutional investors, securing non-mark-to-market, non-recourse term financing.

Key features of TRTX 2025-FL6 include:

• 30-month reinvestment period
• 87.5% advance rate
• Weighted average interest rate of Term SOFR plus 1.83% at issuance

TRTX also redeemed TRTX 2019-FL3 on March 17, 2025, which had $114.6 million outstanding. The combined transactions generated net cash proceeds of approximately $191.0 million for investment and corporate purposes.

TPG (NASDAQ: TPG), a global alternative asset management firm, has announced the appointment of Jennifer Chu as Partner, Chief Legal Officer and General Counsel, effective March 31. Chu will succeed Bradford Berenson, who will transition to a Senior Advisor role before retiring at year-end.

Chu joins from Debevoise & Plimpton LLP, where she served as Deputy Co-Chair of the M&A Group and member of the Private Equity and Healthcare & Life Sciences Groups. She brings significant experience in mergers and acquisitions, joint ventures, and corporate matters. Her expertise has been recognized by The Legal 500 US (2024), The Deal (2022), and IFLR1000 (2022).

Berenson, who joined TPG in 2017, played a key role in the company's IPO, public company transition, and Angelo Gordon acquisition.

TPG RE Finance Trust (NYSE: TRTX) has announced its first quarter 2025 dividend distribution. The company's Board of Directors has declared a cash dividend of $0.24 per share of common stock. The dividend will be paid on April 25, 2025 to shareholders who are recorded as stockholders as of March 28, 2025.

TPG RE Finance Trust (NYSE: TRTX) has announced the pricing of TRTX 2025-FL6, a $1.1 billion managed Commercial Real Estate Collateralized Loan Obligation (CRE CLO). The company expects to place approximately $962.5 million of investment grade securities with institutional investors, providing non-mark-to-market, non-recourse term financing.

Key features of TRTX 2025-FL6 include:

• 30-month reinvestment period
• 87.5% advance rate
• Weighted average interest rate at issuance: Term SOFR plus 1.83%

TRTX will redeem TRTX 2019-FL3 on March 17, 2025, which currently has $114.6 million outstanding. The new issuance and redemption are expected to generate net cash proceeds of approximately $211.1 million for investment and corporate purposes. The transaction is expected to close around March 28, 2025.