TPG INC Stock Price, News & Analysis

TPG announced the pricing of a secondary public offering of 21 million shares of Class A common stock at $47.25 per share. The offering consists entirely of secondary shares to be sold by DB Holdings I, L.P., a vehicle controlled by David Bonderman's estate. The Bonderman Estate will receive all proceeds to satisfy estate obligations, while TPG will not receive any proceeds from the offering. The offering is expected to close on May 22, 2025. J.P. Morgan is acting as the underwriter. The Bonderman Estate and related entities have agreed to a 9-month lock-up period, during which they cannot offer or sell any Common Stock or related securities.

TPG announced a significant secondary public offering where DB Holdings I, L.P., controlled by David Bonderman's estate, plans to sell 21 million shares of TPG's Class A common stock. The offering consists entirely of secondary shares, with the Bonderman Estate receiving all proceeds to satisfy estate obligations. TPG will not receive any proceeds from this transaction. J.P. Morgan is serving as the underwriter, offering shares through various channels including Nasdaq and over-the-counter markets. The Bonderman Estate and related entities have agreed to a 9-month lock-up period, restricting them from selling additional shares after this offering.

TPG Inc. (NASDAQ: TPG) has released its Q1 2025 financial results, highlighting the firm's strong position with $57 billion in dry powder across its portfolio. CEO Jon Winkelried emphasized the company's ability to capitalize on investment opportunities during market dislocations.

In a significant strategic move, TPG announced the acquisition of Peppertree Capital Management, a specialized digital infrastructure firm focused on wireless communications towers, aiming to create new investment opportunities and enhance shareholder value.

The company declared a quarterly dividend of $0.41 per share of Class A common stock, payable on June 2, 2025, to shareholders of record as of May 19, 2025.

TPG Inc. (NASDAQ: TPG) has announced its acquisition of Peppertree Capital Management in a deal valued at up to $960 million, including up to $242 million in cash, $418 million in equity, and potential earnouts of up to $300 million. Peppertree, founded in 2004, manages $7.7 billion in assets focused on wireless communications towers and digital infrastructure. The firm has made over 175 investments through ten flagship funds, supporting over 10,000 wireless communication infrastructure assets. The combined entity will have $253.6 billion in AUM. Peppertree Co-Presidents Howard Mandel and Ryan Lepene will continue leading the investment strategy. The transaction, expected to close in Q3 2025, will be immediately accretive to TPG's fee-related earnings and after-tax distributable earnings per share.

TPG has announced the launch of TPG Sports, a dedicated sports investing business, in partnership with golf champion Rory McIlroy and his firm Symphony Ventures. The strategy has secured significant backing from Lunate, an Abu Dhabi-based alternative investment manager with over $110 billion in AUM.

McIlroy and his business partner Sean O'Flaherty will serve as Operating Partners, contributing to investment sourcing and value creation. The strategy aims to provide business-building capabilities and strategic primary capital to help sports IP and operating businesses grow. TPG brings extensive experience in media and entertainment investing, with previous investments including Creative Artists Agency, DIRECTV, Spotify, and Troon.

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.