TPG raised $10.3 billion in new capital during the first quarter. After-tax distributable earnings increased significantly by 51%, reaching $281.6 million. However, revenue declined, and the company reported a loss for the quarter, compared to a profit a year earlier, primarily due to losses related to capital allocation. The private markets firm announced its results on Friday: a first-quarter loss of $1.45 million, versus a profit of $25.4 million in the same period last year. This resulted in a loss per share of $0.22. The company's revenue fell by 52% year-over-year to $500 million. Overall, TPG secured $10.3 billion in new capital commitments during the quarter. The amount of uninvested capital, or "dry powder," available for investment stood at $72.8 billion at the end of the quarter. After-tax distributable earnings, which represent funds available to return to investors, saw a substantial 51% increase to $281.6 million. Fee-related earnings, a key indicator of management fee performance, rose by 36% to $246.9 million. As of the quarter's end, TPG's assets under management were approximately $306.2 billion.