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SAN FRANCISCO & FORT WORTH - TPG Inc. (NASDAQ:TPG) announced Monday that its indirect subsidiary, TPG Operating Group II, L.P., plans to offer senior notes due 2036 in a registered public offering, subject to market conditions.
The notes will be fully guaranteed by TPG and certain direct subsidiaries of the issuer, according to a press release statement from the global alternative asset management firm.
The company intends to use proceeds from the offering to repay a portion of outstanding debt under its revolving credit facility and for general corporate purposes.
Morgan Stanley & Co. LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC are serving as joint book-running managers for the offering.
The offering is being made through an automatic shelf registration statement that was filed with the Securities and Exchange Commission on February 27, 2024, and became effective upon filing.
TPG, founded in San Francisco in 1992, manages $261 billion in assets across various strategies including private equity, impact investing, credit, real estate, and market solutions.
The announcement comes as part of the company’s ongoing financial management activities. The offering’s completion remains subject to market and other conditions.
In other recent news, TPG Inc. has reported impressive financial results for the second quarter of 2025, significantly exceeding analyst expectations. The company achieved earnings per share of $0.69, which is a substantial increase over the projected $0.44. TPG’s revenue also nearly doubled expectations, reaching $920.54 million, compared to the anticipated $460.7 million. These results have caught the attention of investors, as reflected in the market’s response. The earnings announcement has led to a positive outlook from several analyst firms. The robust financial performance suggests strong operational execution by TPG. These developments highlight the company’s ability to outperform market forecasts.
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