v3.25.2
Condensed Consolidated Statements of Financial Condition (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 1,112,027 $ 808,017
Restricted cash [1] 13,173 13,175
Due from affiliates $ 387,745 $ 447,012
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] Related Party Related Party
Investments (includes assets pledged of $656,346 and $720,933 as of June 30, 2025 and December 31, 2024, respectively(1)) [1] $ 7,932,744 $ 7,503,281
Intangible assets, net 481,232 533,707
Goodwill 436,079 436,079
Right-of-use assets 570,486 208,501
Deferred tax assets 791,969 352,951
Other assets 240,860 232,386
Total assets 11,966,315 10,535,109
Liabilities    
Accounts payable and accrued expenses 338,807 211,914
Due to affiliates $ 634,861 $ 465,137
Accounts Payable, Related and Nonrelated Party Status [Extensible Enumeration] Related Party Related Party
Debt obligations [1] $ 1,610,589 $ 1,281,984
Accrued performance allocation compensation 4,507,026 4,376,523
Operating lease liabilities 602,850 223,131
Other liabilities 712,726 384,431
Total liabilities 8,406,859 6,943,120
Commitments and contingencies (Note 12)
Equity    
Preferred stock, $0.001 par value, 25,000,000 shares authorized (0 issued and outstanding as of June 30, 2025 and December 31, 2024) 0 0
Additional paid-in-capital 1,258,871 970,719
Accumulated deficit (267,366) (186,983)
Non-controlling interests 2,567,581 2,807,888
Total equity 3,559,456 3,591,989
Total liabilities and equity 11,966,315 10,535,109
Class A Common Stock    
Equity    
Common stock, value, issued 145 109
Common Class B    
Equity    
Common stock, value, issued $ 225 $ 256
[1] The Company’s consolidated total assets and liabilities as of June 30, 2025 and December 31, 2024 include assets and liabilities of variable interest entities (“VIEs”). These assets can be used only to satisfy obligations of the VIEs, and the creditors of the VIEs have recourse only to these assets, and not to TPG Inc. See Notes 2, 7 and 8 to the Condensed Consolidated Financial Statements