TPG (TPG)
Manages private equity, growth, impact, credit, real estate, and market-solutions strategies.
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Runs alternative-investment platforms spanning private equity, growth, impact, credit, real estate, and market solutions across North America, Europe, and Asia-Pacific. Revenue comes from management fees, performance-linked income, investments, and portfolio-company activity, while results depend on fundraising, deployment, performance, and realizations.
Manages alternative-investment funds across Capital, Growth, Impact, Credit, Real Estate, and Market Solutions, serving institutional and other third-party investors across North America, Europe, and Asia-Pacific. Management fees, performance-linked income, investment income, and portfolio-company transaction fees drive revenue.
Builds new strategies internally and has added credit, real estate, and digital infrastructure through Angelo Gordon and Peppertree. Its family-office roots, thematic investing, operational engagement, and collaboration across specialized platforms shape how it sources and manages investments.
Results depend on raising and retaining third-party capital, deploying funds, realizing investments, and maintaining performance. The business operates under investment-adviser, securities, recordkeeping, and public-company governance rules, while realized cash from performance allocations can lag accounting recognition.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | Cowen & Co. | Upgrade | ||
| Aug 5, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $55 | Target: $62 |
| Aug 5, 2026 | UBS | Reiterate | Rating: —Target: $59 | Target: $65 |
| Aug 5, 2026 | Evercore ISI | Target | Target: $47 | Target: $50 |
| Aug 5, 2026 | RBC Capital | Reiterate | Rating: —Target: $59 | Target: $65 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $944.7M · Total debt $2.99B · Total assets $14.03B · Shareholders' equity $1.24B
- Revenue
- $1.84B
- Operating income
- $421.6M
- Net income
- $93.4M
HistoryDividendAnnual yield
| Institutions | ≈ 37.45% | 144.02M shares | |
|---|---|---|---|
| 390 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 58.20% | 223.78M shares | |
| 22 holders · as of Aug 19, 2026 | |||
| Strategic holders | 2.03% | 7.81M shares | |
| 1 holder · as of Jun 17, 2026 | |||
| Other | ≈ 2.32% | 8.92M shares | |
| remainder | |||
384.52M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
James G. Coulter1,2Insiderdirector, 10 percent owner, officer: Executive Chairman | 55.46% | 213.26M COMPANY | filed Aug 18, 2026 |
Wellington Management Group LLPInstitution | 2.87% | 11.02M A | as of Jun 30, 2026 |
Temasek Holdings (Private) LtdInstitution | 2.64% | 10.16M A | as of Jun 30, 2026 |
Darlington Partners Capital Management, LPInstitution | 2.34% | 9.00M A | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 2.08% | 7.98M A | as of Jun 30, 2026 |
- James G. Coulter's transaction reports restate only vehicles that traded; the 2026 ownership statement (213.26M) is used instead.
- James G. Coulter reports a block also reported by Point72 Asset Management, L.P.; it is counted once, under Point72 Asset Management, L.P.
Insider tradesForm 4
No open-market trades in the last 12 months.
- Blackstone
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- Apollo Global Management
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- Ares Management
Alternative-assets peer across credit, real assets, PE and secondaries
- Brookfield Asset Management
Global alternatives manager spanning all six TPG platform themes
- The Carlyle Group
Global alternatives manager spanning private equity, credit and solutions
- Blue Owl Capital
Private-markets peer centered on credit, real assets and GP capital
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TPG | $45.53 | −2.13% | $17.83B | 53.5 | 14.2 | 3.8 | −31.8% |
| Blackstone | $123.72 | −2.13% | $152.70B | 28.1 | 19.3 | 9.5 | +2.4% |
| KKR | $98.91 | −1.90% | $90.53B | 31.7 | 14.0 | 4.3 | −44.8% |
| Apollo Global Management | $125.41 | −1.96% | $73.67B | 28.6 | 12.8 | 2.0 | +63.7% |
| Ares Management | $124.46 | −1.74% | $41.60B | 52.6 | 19.2 | 6.5 | +5.8% |
| Brookfield Asset Management | $45.90 | −0.69% | $73.80B | 26.9 | 22.8 | 13.7 | +58.7% |
| The Carlyle Group | $40.34 | −1.28% | $14.71B | 42.5 | 9.8 | 3.7 | −29.3% |
| Blue Owl Capital | $9.84 | −1.80% | $15.66B | 84.3 | 10.6 | 5.2 | +7.1% |
| Median | 31.7 | 14.0 | 5.2 | +5.8% |