TPG: Searching For Yield In The Private Markets (Archive)
TPG offers growing, higher-quality fee income and attractive, yield-focused upside for investors.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- Private equity investors often use public market investors as exit liquidity. But that can be mitigated by investing in listed private equity firms.
- TPG is growing and improving its AUM profile.
- Sustainable fee growth will boost margins.
- TPG is an attractive destination for investors seeking yield.
- A conservative valuation suggests at least 13% upside, but the technicals suggest a neutral outlook, prompting me to adopt a 'hold' stance for now.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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