TPG, Inc.'s stock soared 5.14% during intraday trading on Friday, as investors reacted positively to the alternative asset manager's first-quarter 2026 results.
The company reported adjusted earnings per share of $0.80, significantly beating the average analyst estimate of $0.61. Despite a reported net loss and a decline in total revenue, key performance metrics showed robust growth. TPG raised more than $10 billion in new capital during the quarter and nearly doubled its capital deployments to $14.4 billion.
After-tax distributable earnings, which represent cash available to return to investors, jumped 51% to $281.6 million. Fee-related earnings, a core measure of management fee performance, climbed 36% to $246.9 million, surpassing $1 billion over the last twelve months for the first time in the company's history. The firm also declared a quarterly dividend of $0.59 per share.
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