What TPG promised, and what happened

Guidance Tracker · every commitment management made on a call, tracked from the quarter it was made

Guidance

What management said, and what became of it

14 of 14 judged targets kept · 8 open · verdicts reflect calls analysed to Jun 2026.

Target	Original wording	Said	Latest call	Verdict
FY26 total capital raised	expected to exceed $50 billion	Dec 2025	Jun 2026:we remain confident that we will meet or exceed our target of raising more than $50 billion in 2026 Call transcript, Jun 2026 · no direct link	On Track
Q1 FY26 effective corporate income tax rate	high single digits to low double digits	Dec 2025	Mar 2026:resulting in an effective corporate income tax rate of 8.3% in the first quarter Call transcript, Mar 2026 · no direct link	Achieved

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

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