TPG grows AUM 22% to $306B, issues $500M debt, acquires Peppertree, hikes dividend 44%

Filed May 1, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 7, 2025 · ~2 min read

Key Changes

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  Assets under management surged 22% year-over-year to $306.2 billion, driven by organic growth, new fund closings, and the Peppertree acquisition. Credit platform AUM jumped 30% to $95 billion, while Real Estate more than doubled to $39 billion following Angelo Gordon integration.

  MD&A: AUM Growth verify on EDGAR →
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  Issued $500 million of 2031 Senior Notes at 4.875% in February 2026, extending debt maturity profile and boosting total liquidity 44% to $2.8 billion. Revolving credit capacity expanded from $1.2 billion to $1.75 billion with maturity pushed to 2030.

  MD&A: Capital Structure verify on EDGAR →
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  Acquired Peppertree in July 2025, adding $7.8 billion in wireless tower infrastructure AUM and 180+ investments across 11,000 communication assets. Launched T-POP perpetual co-investment vehicle, reaching $1.7 billion AUM by quarter-end.

  MD&A: Market Solutions verify on EDGAR →