TPG Beats $50B Fundraising Target as FRE Jumps 43% to $321M
TPG sits 22% above its 52-week low of $36.95.
Summary
TPG posted Q3 2026 Fee-Related Earnings of $321 million, up 43% year over year, on a 50% FRE margin, with AUM at $345.7 billion and revenue of $1.22 billion. Earnings per share came in at 41 cents. That builds on Q2's record FRE of $315 million and $327 billion AUM, so the fee engine is still compounding. Fundraising is running ahead of plan: $15 billion raised in the quarter and nearly $42 billion year-to-date, and CEO Jon Winkelried said the firm now expects to exceed its $50 billion target for the year. Dry powder sits at a record $86 billion, which is the number that matters for future fee growth. The board declared a $0.55 quarterly dividend payable November 23 to holders of record November 9. The 11:00 am ET call is the place to get detail on the Ark data-centre pursuit and the Asia OneHealthcare IPO.
At the time of this announcement, TPG was trading at $45.04 on NASDAQ in the Finance sector, with a market capitalization of approximately $17.1B. The 52-week trading range was $36.95 to $70.38. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.