(RTTNews) - TPG Inc. (TPG), an alternative asset management firm, on Monday reported a decline in earnings for the third quarter.
For the three-month period to September 30, the company posted net income of $9 million or $0.04 per basic class A share, compared with $15 million or $0.14 per basic class A share, registered for the same period last year.
After-tax distributable earnings slipped to $189 million or $0.45 per class A share from previous year's $196 million or $0.56 per class A share.
Fee-related earnings, however, stood at $191 million, higher than prior year's $156 million.
Total assets under management were $239 billion as of September 30, an increase of 76 percent compared with $136 billion in 2023.
TPG will pay a quarterly dividend of $0.38 per class A share on December 2, to shareholders of record as of November 14, 2024.
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