Latest news with #JonWinkelried
Wall Street Journal
06-08-2025
- Business
- Wall Street Journal
TPG Sees ‘Breakout Year' in Credit
TPG banked its second highest fundraising quarter, including a record $5.4 billion raised for its credit strategy, in what firm executives said will be a 'breakout year' for credit. Chief Executive Jon Winkelried said in a call with analysts that part of the boom is coming from companies' growing need for custom financing.
Business Wire
06-08-2025
- Business
- Business Wire
TPG Reports Second Quarter 2025 Results
SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)--TPG Inc. (NASDAQ: TPG), a leading global alternative asset management firm, reported its unaudited second quarter 2025 results. TPG issued a full detailed presentation of its second quarter ended June 30, 2025 results, which can be viewed through the Investor Relations section of TPG's website at "We delivered outstanding results in the second quarter, reflecting the strength and durability of TPG's franchise. Our Distributable Earnings for the quarter increased 26% year-over-year, and we declared a record quarterly dividend. On the capital formation front, we had the second highest fundraising quarter in our history and the strongest credit fundraising quarter ever,' said Jon Winkelried, Chief Executive Officer. 'We are entering the back half of the year with significant momentum across each of our platforms and look forward to continuing to deliver strong investment performance for our clients and build long term value for our shareholders." Dividend TPG has declared a quarterly dividend of $0.59 per share of Class A common stock to holders of record at the close of business on August 18, 2025, payable on September 2, 2025. Conference Call TPG will host a conference call and live webcast today at 11:00 am ET. It may be accessed by dialing (800) 274-8461 (US toll-free) or (203) 518-9814 (international), using the conference ID TPGQ225. The number should be dialed at least ten minutes prior to the start of the call. A simultaneous webcast will also be available and can be accessed through the Investor Relations section of TPG's website at A webcast replay will be made available on the Events page in the Investor Relations section of TPG's website. About TPG TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $261 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities. Forward Looking Statements; No Offers This document may contain 'forward-looking' statements. Forward-looking statements can be identified by words such as 'anticipates,' 'intends,' 'plans,' 'seeks,' 'believes,' 'estimates,' 'expects' and similar references to future periods, or by the inclusion of forecasts or projections. Examples of forward-looking statements include, but are not limited to, statements we make regarding the outlook for our future business and financial performance, estimated operational metrics, business strategy and plans and objectives of management for future operations, including, among other things, statements regarding expected growth, future capital expenditures, fund performance, dividends and dividend policy, and debt service obligations. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by any forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the inability to recognize the anticipated benefits, or unexpected costs related to the integration, of acquired companies; our ability to manage growth and execute our business plan; and regional, national or global political, economic, business, competitive, market and regulatory conditions and uncertainties, among various other risks discussed in the Company's SEC filings. For the reasons described above, we caution you against relying on any forward-looking statements, which should be read in conjunction with the other cautionary statements included elsewhere in this document and risk factors discussed from time to time in the Company's filings with the SEC, which can be found at the SEC's website at Any forward-looking statement in this document speaks only as of the date of this document. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update or revise any forward-looking statement after the date of this document, whether as a result of new information, future developments or otherwise, except as may be required by law. No recipient should, therefore, rely on these forward-looking statements as representing the views of the Company or its management as of any date subsequent to the date of the document. This document does not constitute an offer of any TPG fund.
Arabian Post
05-08-2025
- Business
- Arabian Post
Two gems of Wall Street finance I want to buy after a 10% index correction!
Matein Khalid There are two gems in global finance that I believe can make serious money if purchased at the right price this autumn. Their high beta means a 16% hit if the S&P has the 10% index correction that Morgan Stanley projects. The best thing at TPG for me is CEO Jon Winkelried, who I first met in Goldman Sachs' cathedral of money at Peterborough Court in 1990's London. He ran FX and commodities then but was later elected partner and the crown prince to both Hank Paulson and Lloyd Blankfein, for whom he ran both merchant banking and the global I-Bank. He joined TPG in 2015 and was the mastermind in two game changer acquisitions – merger arbitrage, real estate and private credit fund manager Angelo Gordon with $78 billion in AUM and later Peppertree Capital, a digital growth specialist with $8 billion AUM. ADVERTISEMENT TPG is now a diversified alt invest manager with $260 billion AUM and global franchises in private equity, VC/late stage tech (the firm nurtured the hyper growth of Airbnb, Spotify and Uber, three of the hottest deals in the annals of pre-IPO investing in Silicon Valley. TPG manages only one fourth of Blackstone's $1 trillion plus AUM but it does not have BX's outsized exposure to real estate and private credit at a time when razor slim credit spreads do not remotely price in the prospect of a global recession and the energy high yield debt market is an accident waiting to happen. Will an economic slump mean busted deals, commercial real estate cash flow angst, credit spread widening and a fall in capital raising AUM and incentive fees. So I will only buy the shares when Mr. Market gives me a 20% discount and the shares tanked to 46, which I expect to happen before November. All the public Wall Street alt asset managers will take a nosedive, led by Blackstone, KKR, Carlyle and Apollo. Yet Jon Winkelried is my fave crisis manager when the macro storm clouds darken and thus the ideal financier to be the great helmsman of TPG in the coming difficult year. Winkelried's strategic machine is to rev up LP commitments and raise AUM to $500 billion in the next three years. Will he achieve this admittedly ambitious target amid Trump's capricious economic policy making. Yes but only if Tariff Man does not gut the US economy with a severe recession that then triggers credit contagion. After all, I remember when Blackstone fell from its IPO price of $32 in the summer of 2007 to as low as $5 in the post Lehman Black Death for private credit in the autumn of 2008. A private equity firm only shows the true metal of its pasture as the Bard of Avon put it in his Henry V when it exits a strategic investment and that is why the judgement/intuition of the Big Guy is ultimately all important. Steve Schwartzman and Blackstone has a net worth of $52 billion, so I wonder what incentive does this master of the universe have at this stage of his career in his late 70's but Jon still has two decades of showtime left in his meteoric banking career. TPG will surf the digital infrastructure/wireless data tidal wave created by AI and 5G. As rates fall, TPG will deploy $60 billion in cash to digital transformation growth companies all over the world. My buy/sell target on its shares are 48-65 range. Intercontinental Exchange Inc (ICE) is a world class derivatives and data analytics exchange, which I believe is now takeover bait. Its product spectrum spans energy/natgas futures and options, financials (MBS, FX, equity indices) and softs (cocoa, coffee, sugar, orange juice). Q2 was a beauty and I am convinced we are on the eve of a commodity super-cycle that will make ICE a must own for the great and the good of Wall Street and the City of London. My buy/sell range on ICE is 160-210. Return on patience (ROP) is as critical as ROE in the money game! Also published on Medium. Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.
