TPG reports Q3 EPS 56c, consensus 36c

Reports total assets under management of $136B as of September 30; total AUM of $212B on a combined basis with Angelo Gordo;GAAP net income attributable to TPG Inc. of $15M for the third quarter ended September 30 with basic net income per share of Class A common stock of 14c We delivered strong financial results for the third quarter despite a challenging market environment, with fee-related earnings growth of 29% year-over-year to $156 M,” said Jon Winkelried, Chief Executive Officer. “We’re pleased to have also closed our acquisition of Angelo Gordon, strengthening our position as a scaled, global alternative asset manager with $212 billion(1) of AUM across a broadly diversified set of strategies. The addition of Angelo Gordon, together with our differentiated deal flow and strong investment track record, puts us in an advantaged position to capitalize on a number of long-term secular trends shaping the alternatives industry today.”