By Connor Hart

TPG raised more than $10 billion in new capital during the recent quarter, bringing its total dry powder at the end of the period to $72.8 billion.

The private-markets firm--which ended the period with about $306.2 billion in managed assets--said Friday that capital deployment nearly doubled during the latest quarter, coming in at $14.4 billion.

Roughly $7 billion of that capital was deployed across private equity. Of the remaining deployments, $5.7 billion went toward credit and $1.8 billion went toward real estate, the company said.

After-tax distributable earnings, or cash that can be returned to investors, jumped 51% to $281.6 million.

Fee-related revenue grew 17% to $557.2 million. Fee-related earnings, a proxy for management fees, climbed 36% to $246.9 million.

TPG said fee-related earnings surpassed $1 billion over the last twelve months, the first time in its history.

During the first quarter, TPG swung to a loss of $1.45 million from a profit of $25.4 million a year earlier. On a per-share basis, the company reported a loss of 22 cents.

Overall revenue fell 52% to $500 million.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

May 01, 2026 09:45 ET (13:45 GMT)

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