TPG Q3 profit rises as fundraising reaches $15 billion in quarter

TPG Inc. (TPG) reported third-quarter 2026 results on Oct. 29, showing net income attributable to TPG Inc. of $100 million, compared with $67 million in the third quarter of 2025, according to its summary press release.

The company said in the release that it raised $15.2 billion of capital in the quarter, and that it expects to exceed its fundraising target of $50 billion this year.

Here's how the company did:

• Net income attributable to TPG Inc.: $100 million vs. $67 million a year earlier
• Total revenues: $1.22 billion vs. $1.22 billion a year earlier
• Fee-Related Earnings: $321 million vs. $225 million a year earlier
• After-tax Distributable Earnings: $265 million vs. $214 million a year earlier

Fee-Related Revenues rose 25% to $638 million from $509 million a year earlier, according to the company's presentation. Management fees were $572.9 million, up from $461.3 million.

Fee-Related Earnings margin was 50%, up from 44% a year earlier, the company said in its presentation.

TPG's assets under management totaled $346 billion at the end of the quarter, up 21% from a year earlier. Fee-earning assets under management were $190 billion, up 16%.

TPG declared a quarterly dividend of $0.55 per share of Class A common stock, payable on Nov. 23 to holders of record at the close of business on Nov. 9, according to the release. The company's dividend policy targets at least 85% of its share of distributable earnings.

Chief Executive Officer Jon Winkelried said in the release: "TPG delivered an exceptional third quarter, reflecting broad-based momentum across the firm and continued progress across each of our strategic objectives." He added that the company expects to exceed its fundraising target of $50 billion this year, with a record $86 billion of dry powder.

The company said in the filing that its unaudited results are preliminary and that totals may not sum due to rounding.

TPG is a leading global alternative asset management firm, founded in San Francisco in 1992. It invests across private equity, impact, credit, real estate and market solutions strategies.