v3.26.1
Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Business Combination, Recognized Asset Acquired and Liability Assumed The following table summarizes the fair value of amounts recognized for the assets acquired and liabilities assumed and resulting goodwill as of the Peppertree Acquisition Date (in thousands):
July 1, 2025
Purchase Price
Cash(a)
$235,659 
Nonvoting Class A common stock(b)
153,973 
Total Purchase Price$389,632 
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents$505 
Due from affiliates2,933 
Investments561,945 
Right-of-use asset1,577 
Intangible assets248,900 
Other assets1,502 
Total assets817,362 
Accounts payable and accrued expenses23,006 
Accrued performance allocation compensation403,052 
Operating lease liability1,577 
Other liabilities4,455 
Total liabilities432,090 
Assets acquired/liabilities assumed385,272 
Total Purchase Price389,632 
Non-controlling interest of Peppertree57,749 
Goodwill$62,109 
_________________
(a)Cash consideration includes $2.5 million held in escrow on behalf of the sellers.
(b)Represents the fair value of approximately 2.9 million shares of nonvoting Class A common stock issued to certain Peppertree Parties upon consummation of the Peppertree Acquisition. The fair value of the shares of nonvoting Class A common stock was based on a $52.84 closing price for the shares of Class A common stock on the Peppertree Acquisition Date.
Schedule of Business Combination, Intangible Asset, Acquired, Finite-Lived
The fair value and weighted average estimated useful lives of the acquired identifiable intangible assets as of the Peppertree Acquisition Date consist of the following (in thousands):
Fair ValueValuation MethodologyEstimated Average Useful Life (in years)
Management contracts$181,700 
Multi-period excess earnings method ("MPEEM")
4-9
Contractual performance fee allocations65,200 Discounted cash flow analysis6
Trade name2,000 Relief from royalty method4.5
Fair value of intangible assets acquired$248,900 
Schedule of Business Acquisition, Pro Forma Information
The following unaudited pro forma information presents a summary of the Company’s Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2025, as if the acquisition was completed as of January 1, 2024 (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025
Revenues$975,896 $2,051,773 
Net income attributable to TPG Inc./controlling interest10,220 32,171