TPG Management
Management criteria checks 3/4
TPG's CEO is Jon Winkelried, appointed in May 2021, has a tenure of 5.17 years. total yearly compensation is $29.90M, comprised of 1.7% salary and 98.3% bonuses, including company stock and options. directly owns 0.54% of the company’s shares, worth $85.69M. The average tenure of the management team and the board of directors is 4.3 years and 19.5 years respectively.
Key information
Jon Winkelried
Chief executive officer
US$29.9m
Total compensation
| CEO salary percentage | 1.67% |
| CEO tenure | 5.2yrs |
| CEO ownership | 0.5% |
| Management average tenure | 4.3yrs |
| Board average tenure | 19.5yrs |
Recent management updates
Recent updates
Seeking Alpha • Jun 18
TPG Offers A Solid Business For Discounted Rates
Summary TPG is rated 'buy' due to systemic undervaluation and resilient, visible forward fee-related earnings (FRE) growth. TPG trades at a 24.4% discount to peers on distributable earnings and is undervalued by 56.6% on a dividend discount model. FRE stability is underpinned by contractually driven FAUM growth, with AUM expanding ~13% YoY and a current $2.36/share dividend. Risks include a potential private credit fundraising winter and persistent market undervaluation, but analyst consensus remains highly bullish. Read the full article on Seeking Alpha
Narrative Update • Mar 30
TPG: Capital Markets Recovery And AI Partnerships Will Support Earnings Expansion
Analysts have lowered their average price target on TPG by $12 to reflect reduced earnings assumptions across alternative asset managers and business development company related activities, while still highlighting the firm's private equity track record and earnings profile as key supports for the updated view. Analyst Commentary Recent research on TPG reflects a mix of reduced price targets and ongoing confidence in the business model, with several bullish analysts still highlighting earnings potential and the company’s position within alternative asset management.Narrative Update • Mar 16
TPG: Capital Markets Recovery And Hologic Deal Pipeline Will Drive Earnings Expansion
TPG's analyst fair value estimate has been trimmed from $82 to $80 as analysts factor in assumptions of lower revenue growth and higher future P/E multiples, a trend reflected in a series of reduced price targets across the alternative asset manager group. Analyst Commentary Recent Street research on TPG shows a mix of trimmed targets and supportive ratings, with several bullish analysts still seeing room for execution on growth initiatives and potential upside relative to where the stock trades today.
Narrative Update • Mar 02
TPG: Healthcare Deals And AI Selloff Set Up Bullish Repricing Potential
Analysts have trimmed their average price target on TPG from about $62 to roughly $49. The revision reflects updated assumptions for softer revenue growth, slightly lower profit margins and revised earnings expectations across the alternative asset manager group, even as several firms maintain positive ratings on the stock.
Narrative Update • Feb 16
TPG: Future Deal Pipeline And M&A Integration Will Drive Performance
The updated analyst price target for TPG moves from $66 to about $68.87, reflecting that analysts are balancing recent target cuts and upgrades with assumptions for a modestly higher fair value, a slightly lower discount rate, and a higher future P/E, even as they factor in softer revenue growth and a small profit margin compression. Analyst Commentary Recent research on TPG reflects a mix of enthusiasm and caution, with several firms adjusting price targets in both directions over a relatively short period.Analysis Article • Feb 16
Little Excitement Around TPG Inc.'s (NASDAQ:TPG) Revenues As Shares Take 26% Pounding
TPG Inc. ( NASDAQ:TPG ) shareholders won't be pleased to see that the share price has had a very rough month, dropping...Narrative Update • Feb 02
TPG: Deal Activity And Healthcare Exposure Will Shape Balanced Risk Reward
Narrative Update on TPG The analyst fair value estimate for TPG has been raised from US$55 to US$62, as analysts factor in updated assumptions on discount rate, profit margin and future P/E multiples, alongside a series of recent price target increases and broadly supportive research commentary on the stock. Analyst Commentary Street research on TPG over recent months has leaned supportive, with several firms lifting price targets and maintaining positive ratings.Narrative Update • Jan 19
TPG: Credit Concerns And Healthcare Deal Risk Will Cap Future Upside
Narrative Update: TPG Analysts have lifted their average price targets on TPG by a few dollars into the US$80 range, citing updated assumptions for slightly better revenue trends, a modestly stronger profit margin, a lower future P/E multiple, supportive views on alternative asset managers, and the pending Hologic acquisition. Analyst Commentary Recent Street research around TPG has been active, with several firms adjusting price targets and updating views in light of broader Capital Markets expectations and the pending Hologic acquisition.Narrative Update • Jan 05
TPG Credit Market Headwinds Will Limit Upside Despite Large Buyout Activity
Analysts have nudged their fair value estimate for TPG higher from $46 to $55, reflecting increased confidence in the company`s ability to convert stronger projected profit margins and a more attractive future P E multiple into shareholder returns, despite modestly higher discount rate assumptions and lingering credit market concerns. Analyst Commentary Recent Street research on TPG presents a mixed picture, with headline price targets remaining comfortably above the current fair value estimate yet showing pockets of caution around execution and market conditions.Narrative Update • Dec 16
TPG Robust Fundraising And Hologic Deal Pipeline Will Drive Earnings Expansion
Our fair value estimate for TPG has increased to $82.00 from $67.89, as analysts highlight robust fundraising, improving investing activity, and a more compelling earnings and margin outlook, even though some firms have slightly tempered their price targets. Analyst Commentary Bullish analysts remain constructive on TPG, citing a combination of robust fundraising trends, improving deployment, and an increasingly supportive earnings profile.Narrative Update • Dec 02
TPG: Ongoing Deal Activity And Fundraising Will Drive Strong Performance Ahead
Analysts have modestly increased their fair value estimate for TPG to $66.00, supported by expectations of robust fundraising, improved profit margins, and positive momentum within alternative asset managers. Analyst Commentary Recent Street research reflects a mix of optimism and caution regarding TPG's valuation, execution, and growth prospects.Narrative Update • Nov 17
TPG: Fundraising Momentum And Deal Activity Will Support Outperformance Ahead
Analysts have slightly reduced their price target for TPG, now forecasting a modest decrease. They cite ongoing market challenges but continue to express optimism around fundraising and operational improvements.Narrative Update • Nov 03
TPG: Strong Fundraising And Major Acquisition Will Drive Future Outperformance
Analysts have raised their price targets for TPG, with recent updates moving estimates from $58 to as high as $69 per share. Strong fundraising activity and improving capital market conditions support a positive outlook for the firm.Narrative Update • Oct 20
Institutional Capital Flows Will Unlock Enduring Alternative Market Value
The analyst price target for TPG has been raised by $4 to $69. Analysts cite robust fundraising, improving investment activity, and ongoing strength in product expansion and execution as key drivers behind the updated outlook.Narrative Update • Oct 05
Institutional Capital Flows Will Unlock Enduring Alternative Market Value
Analysts have raised their price target for TPG from $65 to $69, citing robust fundraising, improved investing activity, and strong fundamentals that are driving earnings potential this quarter. Analyst Commentary Bullish Takeaways Analysts have noted robust fundraising and improving investing activity, with TPG seen as poised for one of the strongest quarters among its asset manager peers.Narrative Update • Aug 27
Institutional Capital Flows Will Unlock Enduring Alternative Market Value
Analysts have raised TPG’s price target slightly to $64.82, citing strong structural growth opportunities, an attractive setup in alternative asset management, and compelling valuation relative to its high-teens fee-related earnings growth outlook through 2027. Analyst Commentary Bullish analysts highlight long-term structural growth opportunities for TPG in private wealth, credit, insurance, and capital markets.Analysis Article • Aug 09
TPG's (NASDAQ:TPG) Dividend Will Be Increased To $0.59
TPG Inc. ( NASDAQ:TPG ) has announced that it will be increasing its periodic dividend on the 2nd of September to...Narrative Update • Aug 08
Institutional Capital Flows Will Unlock Enduring Alternative Market Value
Analysts have raised their price targets for TPG to $64.08, citing strong structural growth opportunities, robust sector momentum, and expectations for high-teens fee-related earnings growth through 2027, with valuation still seen as compelling. Analyst Commentary Bullish analysts highlight long-term structural growth opportunities for TPG across private wealth, credit, insurance, and capital markets.Seeking Alpha • Mar 03
TPG: Now Diversified, With Upside
Summary TPG Inc. has evolved into a more diversified alternative asset manager with $246B AUM and the goal of doubling that to $500B. TPG has expanded in private credit and real assets and is seeing a rising stream of fee-based earnings. TPG offers a higher dividend yield and more favorable valuation multiples than peers like Ares and Blue Owl, making it an attractive option for income and long-term growth. With a current stock price of ~$52 and bullish price targets in the $65–$70 range, I rate TPG a Buy for long-term investors. Read the full article on Seeking AlphaSeeking Alpha • Nov 05
Capture Growth In Alternative Investments With TPG Stock
Summary TPG's outstanding management and successful IPO have driven strong performance, outpacing the S&P500 and supporting further acquisitions with a robust balance sheet. The acquisition of Angelo Gordon has proven accretive, boosting TPG's assets under management to $239 billion. Despite risks from economic shocks and competition, TPG's growth in AUM positions it for continued outperformance and capital appreciation. I rate TPG as a Strong Buy for capital appreciation, with a secondary focus on income. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$90m |
| Dec 31 2025 | US$30m | US$500k | US$124m |
| Sep 30 2025 | n/a | n/a | US$62m |
| Jun 30 2025 | n/a | n/a | US$16m |
| Mar 31 2025 | n/a | n/a | US$10m |
| Dec 31 2024 | US$33m | US$500k | -US$307k |
| Sep 30 2024 | n/a | n/a | -US$3m |
| Jun 30 2024 | n/a | n/a | US$10m |
| Mar 31 2024 | n/a | n/a | US$64m |
| Dec 31 2023 | US$199m | US$510k | US$71m |
| Sep 30 2023 | n/a | n/a | US$103m |
| Jun 30 2023 | n/a | n/a | US$121m |
| Mar 31 2023 | n/a | n/a | US$79m |
| Dec 31 2022 | US$34m | US$512k | US$87m |
| Sep 30 2022 | n/a | n/a | US$2b |
| Jun 30 2022 | n/a | n/a | US$2b |
| Mar 31 2022 | n/a | n/a | US$2b |
| Dec 31 2021 | US$20m | US$700k | US$0 |
| Sep 30 2021 | n/a | n/a | US$412m |
| Dec 31 2020 | US$9m | US$700k | US$732m |
Compensation vs Market: Jon's total compensation ($USD29.90M) is above average for companies of similar size in the US market ($USD14.46M).
Compensation vs Earnings: Jon's compensation has been consistent with company performance over the past year.
CEO
Jon Winkelried (66 yo)
5.2yrs
Tenure
US$29,897,761
Compensation
Mr. Jon Winkelried serves as Independent Director at McAfee Corp. since January 2018 and served as its Independent Chairman. He served as Chief Executive Officer and a Partner of TPG based in San Francisco...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 34.5yrs | US$72.75m | 1.48% $ 235.3m | |
| CEO & Director | 5.2yrs | US$29.90m | 0.54% $ 85.7m | |
| President & Director | 34.5yrs | US$14.80m | 0.32% $ 50.5m | |
| Chief Financial Officer | 4.9yrs | US$17.96m | 0.43% $ 67.9m | |
| Corporate Secretary | 1.3yrs | US$14.40m | 0.025% $ 3.9m | |
| COO & Director | 2.8yrs | US$10.61m | 0.14% $ 22.6m | |
| Chief Accounting Officer | no data | no data | 0.013% $ 2.1m | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Compliance Officer | no data | no data | 0.0073% $ 1.2m | |
| Global Head of Human Resources | 2.8yrs | no data | no data | |
| Managing Partner | 2.8yrs | no data | 0.89% $ 142.0m | |
| Partner | 4.3yrs | no data | no data |
4.3yrs
Average Tenure
53yo
Average Age
Experienced Management: TPG's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Executive Chairman | 34.5yrs | US$72.75m | 1.48% $ 235.3m | |
| CEO & Director | 34.5yrs | US$29.90m | 0.54% $ 85.7m | |
| President & Director | 34.5yrs | US$14.80m | 0.32% $ 50.5m | |
| COO & Director | no data | US$10.61m | 0.14% $ 22.6m | |
| Managing Partner | no data | no data | 0.89% $ 142.0m | |
| Director | 34.5yrs | no data | 0.46% $ 72.8m | |
| Independent Director | 4.5yrs | US$339.73k | 0.017% $ 2.8m | |
| Director | 2.6yrs | no data | 0.076% $ 12.1m | |
| Director | 2.6yrs | no data | 1.33% $ 211.7m | |
| Director | 34.5yrs | no data | 0.15% $ 23.5m | |
| Independent Director | 4.5yrs | US$349.73k | 0.0088% $ 1.4m | |
| Independent Director | 4yrs | US$349.73k | 0.022% $ 3.5m |
19.5yrs
Average Tenure
58.5yo
Average Age
Experienced Board: TPG's board of directors are seasoned and experienced ( 19.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/05 03:14 |
| End of Day Share Price | 2026/07/02 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
TPG Inc. is covered by 21 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Budish | Barclays |
| Brennan Hawken | BMO Capital Markets Equity Research |
| Arnaud Maurice Giblat | BNP Paribas |