TPG: High-Yield Asset Manager Trading At A Discount

TPG Inc. offers a compelling ‘Buy' opportunity, trading near 52-week lows with a 6.2% dividend yield and discounted valuation. TPG's $303B AUM is largely locked up in long-term vehicles, limiting redemption risk and supporting robust fundraising and deployment momentum. Margins expanded to 52% in Q4, with management guiding for further 200 bps margin growth and over $50B in new capital raised this year.