TPG reported third-quarter 2026 results and said fundraising is running ahead of its annual target. The alternative asset manager raised $15 billion in the quarter and nearly $42 billion in the first nine months of the year, while reporting a record $86 billion of dry powder.
The company also declared a quarterly dividend of 55 cents per Class A share. The earnings announcement covers the quarter ended September 30.
- Fundraising: TPG expects to exceed its $50 billion fundraising target for 2026. Nearly $42 billion had been raised year to date, including $15 billion in the third quarter.
- Capital available to invest: TPG said it had a record $86 billion of dry powder—capital available for future investments.
- Assets under management: The company described itself as managing $346 billion across strategies including private equity, credit, real estate, impact and market solutions.
- Dividend: TPG declared a dividend of $0.55 per Class A share. Shareholders of record on November 9 are due to be paid on November 23.
- Management’s assessment: Chief Executive Jon Winkelried characterized the quarter as reflecting broad-based momentum and cited investment performance and investor relationships as supporting fundraising.
The dividend is a cash distribution to Class A shareholders. TPG’s fundraising figures indicate that it brought in nearly $42 billion toward its annual target by the end of September; the $86 billion of dry powder represents capital available for future investment, not capital already deployed.