TPG Calls 2025 a “Breakout Year” at BofA Conference, Targets Another $50B+ Fundraising Year

5 days ago 4

MarketBeat

Wed, February 11, 2026 astatine 7:39 AM CST 7 min read

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TPG called 2025 a “breakout year,” having raised astir $51 billion (vs. $30B successful 2024) and deployed conscionable implicit $50B, with fee-related gross of $2.1B and fee-related net astir $950 million; absorption expects fundraising to again transcend $50B successful 2026 and to marketplace astir 35 products.
The steadfast has materially diversified its mix—private equity present ~50% of AUM vs. ~80% astatine IPO—growing recognition (credit fundraising topped $20B), existent property (planning 4+ funds), GP-led secondaries, security partnerships (Jackson woody starts astatine $12B and tin standard to $20B with a $500M TPG equity commitment), and private-wealth offerings (TP0P seeded and ~$1.5B raised).
TPG has expanded profitability, with fee-related net borderline up astir 800 ground points since the IPO to 45% successful 2025 (target ~47% successful 2026) portion maintaining a dependable realization gait (about $25B per twelvemonth connected average) and pursuing further operating leverage.
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TPG (NASDAQ:TPG) utilized a presumption astatine Bank of America’s 34th Annual U.S. Financial Services Conference to item what Chief Investment Officer Jack Weingart described arsenic a “breakout year” for the alternate plus manager, pointing to sharply higher fundraising, beardown deployment activity, and continued enlargement beyond its humanities backstage equity base.

Weingart said the steadfast moved up the timing of its fourth-quarter 2025 net release, which was primitively planned for the pursuing Monday. He attributed the determination to capitalist questions tied to marketplace concerns astir bundle vulnerability and reactions successful TPG’s stock. Because the institution was successful a quiescent period, Weingart said absorption opted to accelerate the announcement to proactively code those questions.

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On bundle exposure, Weingart said astir 11% of full AUM is successful software, with astir 2% successful recognition and astir 18% of backstage equity AUM successful bundle companies. He said the steadfast discussed connected its net telephone however it approaches bundle investing arsenic a power capitalist and however it evaluates portfolio companies that could payment from generative AI versus those that whitethorn look greater risk.

Weingart said TPG raised astir $51 cardinal of superior successful 2025, up from $30 cardinal the anterior year, which helium characterized arsenic astir a 70% increase. He added that TPG deployed “a small much than $50 billion” during the year.