$TPG

RBC Capital reduced its Q3 2026 earnings estimates for U.S. alternative asset managers by 6% due to seasonal factors and rate uncertainty. The firm highlighted Apollo Global (APO) and Ares Management (ARES) as well-positioned, while Carlyle Group (CG) and TPG (TPG) are more exposed to interest rate risks. Apollo has a $67B market cap, a P/E ratio of 40.9, and a 2% dividend yield. RBC's top picks include Brookfield (BN), Ares, and Blackstone (BX).

Berkshire Hathaway increased its stake in Lennar to 11.2%, highlighting U.S. housing opportunities. Three mortgage finance stocks—TPG Mortgage Investment Trust (US$182M market value, US$90M annual income), Redwood Trust (US$458M market value, US$141M annual income), and Angel Oak Mortgage REIT (US$169M market value, US$36M annual revenue)—are analyzed for their exposure to mortgage trends.

UnitedHealth Group (UNH) shares fell 3% following TPG's acquisition of Florida WellMed Clinics, ahead of guidance reaffirmation. The deal involves Optum clinics that previously impacted UnitedHealth's profits. The company is set to reaffirm its guidance soon, which could validate the deal or raise concerns among investors.

UnitedHealth Group (UNH) fell 3% to $388.58 after selling part of its Florida WellMed clinics to TPG. CFO DeVeydt called it a growth partnership, not a capital raise. UNH plans to reaffirm 2026 guidance of $19.50-$20.00 adjusted EPS and $24B operating cash flow. Optum Health margins are expected to reach 2% this year and 4% next year, per DeVeydt.

Ares Management (ARES) reported $1.28B revenue, up 25.6% YoY, meeting expectations. TPG (TPG) reported $610.4M revenue, up 24.7% YoY, beating estimates. Artisan Partners (APAM) reported $307.9M revenue, up 8.9% YoY, beating estimates. ARES, TPG, and APAM stocks are up 12.9%, 8.3%, and 1.7% since reporting, respectively.

TPG Inc. (TPG) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 6, 2026, Todd Sisitsky notified TPG Inc. (the “Company”) of his decision to step down from his position as Pre

TCS subsidiary HyperVault and partners plan to invest up to INR 700 billion ($7.41 billion) in a 1-gigawatt AI data-center campus in Telangana, India. The campus will support AI training and inference, using green energy and water-neutral design. TCS and TPG previously committed INR 180 billion to a broader data-center platform.

The Competition Commission of India approved TPG Nicobar's acquisition of Aseem Infrastructure Finance. The deal includes TPG acquiring 100% of Aseem, ICICI Bank buying a 5% stake, and the divestment of Aseem's 30.83% stake in NIIF Infrastructure Finance to NIIF II. Aseem will merge with CFIPL, a Nicobar subsidiary.

TPG's CEO dismissed Starlink's claims of poaching telco customers, stating satellite services enhance rather than replace terrestrial networks. TPG reported a net profit of $35m for H1, with revenue up 0.5% to $2.06bn. The company supports ACCC's inquiry on mobile network reliability. TPG's tower-sharing deal with Optus boosted market share by 1%. The interim dividend is set at 10c per share.

Carlyle (CG) reported Q2 revenues of $1.11B, up 13% YoY, exceeding estimates by 20.7%. The stock is down 3.8% since reporting. Five asset management firms beat revenue estimates by 8.4% on average, with shares up 8.2% since earnings.