TPG 3Q Net Up Amid New Wave of LBO Deals

Dow Jones

Nov 04

By Rob Curran

TPG's third-quarter net income rose sharply amid a surge in revenue and assets under management, a sign that leveraged buyout deals are flourishing again.

The San Francisco investment firm's earnings rose to $67.1 million, or 20 cents of a share, from $9 million a year earlier. For third quarter of 2024, TPG logged a loss of 8 cents a share due to the effects of losses attributable to non-controlling interests.

Revenue rose 43% to $1.22 billion.

Fee-related earnings rose 18% to $225 million.

Total expenses rose 19% to $1.03 billion.

The buyout firm, which was formerly known as Texas Pacific Group and maintains a second headquarters in Fort Worth, said assets under management rose 20% to $286.4 billion. The company raised $18 billion of capital in the third quarter, with strong demand for its private-equity funds and credit investments.

In October, TPG and rival Blackstone teamed up to buy women's health firm Hologic for up to $18.3 billion, including debt.

After a lull in recent years, leveraged buyouts have regained popularity. Videogame maker Electronic Arts agreed to the largest LBO on record in September.

Write to Rob Curran at rob.curran@wsj.com

(END) Dow Jones Newswires

November 04, 2025 08:00 ET (13:00 GMT)

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For third quarter of 2024, TPG logged a loss of 8 cents a share due to the effects of losses attributable to non-controlling interests. \n</p>\n<p>\n  Revenue rose 43% to $1.22 billion. \n</p>\n<p>\n  Fee-related earnings rose 18% to $225 million. \n</p>\n<p>\n  Total expenses rose 19% to $1.03 billion. \n</p>\n<p>\n  The buyout firm, which was formerly known as Texas Pacific Group and maintains a second headquarters in Fort Worth, said assets under management rose 20% to $286.4 billion. The company raised $18 billion of capital in the third quarter, with strong demand for its private-equity funds and credit investments. \n</p>\n<p>\n  In October, TPG and rival <a href=\"https://laohu8.com/S/BX\">Blackstone</a> teamed up to buy women's health firm Hologic for up to $18.3 billion, including debt. \n</p>\n<p>\n  After a lull in recent years, leveraged buyouts have regained popularity. Videogame maker Electronic Arts agreed to the largest LBO on record in September. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Rob Curran at rob.curran@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 04, 2025 08:00 ET (13:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4135","symbol_name":"资产管理与托管银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2580731015","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2580731015","pubTimestamp":1762261200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"TPG's third-quarter net income rose sharply amid a surge in revenue and assets under management, a sign that leveraged buyout deals are flourishing again.The San Francisco investment firm's earnings rose to $67.1 million, or 20 cents of a share, from $9 million a year earlier. For third quarter of 2024, TPG logged a loss of 8 cents a share due to the effects of losses attributable to non-controlling interests.The buyout firm, which was formerly known as Texas Pacific Group and maintains a second headquarters in Fort Worth, said assets under management rose 20% to $286.4 billion. The company raised $18 billion of capital in the third quarter, with strong demand for its private-equity funds and credit investments.In October, TPG and rival Blackstone teamed up to buy women's health firm Hologic for up to $18.3 billion, including debt.After a lull in recent years, leveraged buyouts have regained popularity. Videogame maker Electronic Arts agreed to the largest LBO on record in September.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4135":"资产管理与托管银行","LBO":"WHITEWOLF PUBLICLY LISTED PRIVATE EQUITY ETF","TPG":"TPG, Inc."},"translate_title":"TPG第三季度净值上涨，新一波杠杆收购交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TPG":1.5,"LBO":1.5},"content_text":"By Rob Curran \n\n\n \n\n\n  TPG's third-quarter net income rose sharply amid a surge in revenue and assets under management, a sign that leveraged buyout deals are flourishing again. \n\n\n  The San Francisco investment firm's earnings rose to $67.1 million, or 20 cents of a share, from $9 million a year earlier. For third quarter of 2024, TPG logged a loss of 8 cents a share due to the effects of losses attributable to non-controlling interests. \n\n\n  Revenue rose 43% to $1.22 billion. \n\n\n  Fee-related earnings rose 18% to $225 million. \n\n\n  Total expenses rose 19% to $1.03 billion. \n\n\n  The buyout firm, which was formerly known as Texas Pacific Group and maintains a second headquarters in Fort Worth, said assets under management rose 20% to $286.4 billion. The company raised $18 billion of capital in the third quarter, with strong demand for its private-equity funds and credit investments. \n\n\n  In October, TPG and rival Blackstone teamed up to buy women's health firm Hologic for up to $18.3 billion, including debt. \n\n\n  After a lull in recent years, leveraged buyouts have regained popularity. Videogame maker Electronic Arts agreed to the largest LBO on record in September. \n\n\n \n\n\n  Write to Rob Curran at rob.curran@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 04, 2025 08:00 ET (13:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}