CTAs are almost max long in equities, have very limited room to buy: UBS
SAN FRANCISCO & FORT WORTH, Texas - TPG Inc. (NASDAQ:TPG), a prominent global alternative asset management firm, disclosed that DB Holdings I, L.P., linked to the estate of David Bonderman, plans to sell 21 million Class A common stock shares. The transaction will be conducted under a previously filed shelf registration statement with the Securities and Exchange Commission (SEC).
The shares offered are secondary, and the proceeds from the sale will go entirely to the Bonderman Estate, which aims to fulfill certain estate obligations with the funds. TPG itself is not selling any shares and will not receive any proceeds from this offering. The company maintains strong financial health with a current ratio of 4.24, indicating liquid assets well exceed short-term obligations - one of several key metrics available through InvestingPro’s comprehensive research reports covering over 1,400 US stocks.
In association with the sale, the Bonderman Estate and related entities have agreed to a nine-month lock-up period, during which they will not sell any additional Common Stock or securities convertible into Common Stock from the date of the offering’s prospectus supplement.
The underwriter for this offering is J.P. Morgan, which will oversee the sale of shares through various methods, including on the Nasdaq exchange, over-the-counter transactions, and potentially negotiated deals at market prices or prices related to the market.
Investors interested in the offering should refer to the prospectus and the related prospectus supplement filed with the SEC, which contain detailed information about TPG and the offering. These documents are available from J.P. Morgan Securities LLC or can be accessed free of charge on the SEC’s website at www.sec.gov.
TPG, founded in 1992 and headquartered in San Francisco, manages $251 billion in assets. The firm’s investment strategy spans multiple sectors, including private equity, impact, credit, real estate, and market solutions, with a focus on collaboration, innovation, and inclusion. The company has demonstrated consistent shareholder returns, having raised its dividend for three consecutive years, with a current dividend yield of 3.23%. Analysts maintain a positive outlook, expecting net income growth this year despite recent market volatility.
This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities. The offering of securities will not be valid in any jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
Information for this article is based on a press release statement from TPG.
In other recent news, TPG Inc. reported its first-quarter 2025 earnings, revealing an EPS of $0.48, which missed the forecasted $0.5168. Despite this, the company’s revenue significantly surpassed expectations, reaching $1.04 billion, well above the forecast of $488.15 million. TPG’s fee-related revenues were strong, totaling $476 million, with management fees contributing $413 million. The company also announced a strategic acquisition of PepperTree Capital Management, a specialized digital infrastructure manager, valued at approximately $660 million. This acquisition is expected to be immediately accretive to TPG’s fee-related earnings and after-tax distributable earnings per share upon closing. In terms of analyst activity, there were no specific upgrades or downgrades mentioned, but the firm is focusing on expanding its credit platform and exploring opportunities in Europe and insurance partnerships. TPG’s total assets under management increased by 12% year-over-year, reaching $251 billion, indicating strong operational performance despite the EPS miss. The company continues to anticipate raising significantly more capital in 2025, with a positive outlook for future growth.
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