TPG vs Carlyle

TPG, INC. and Carlyle Group, The are the focus of this page. It compares business models, financial performance, and market context in a neutral, accessible way. The comparison highlights how each organisation approaches growth, risk, and opportunity within different sectors and markets. Educational content, not financial advice.

Comparison Snapshot

Key Financial Metrics

TPG

Metric

$23.34B

Market Cap

$22.28B

9.58%

Potential Profit

10.33%

Buy

Analyst Rating

Buy

Investment Analysis

TPG

Pros

TPG's assets under management grew 20% year-over-year to $286 billion, reflecting strong investment performance and market positioning.
The company has expanded its investment capabilities organically, notably through the Treco acquisition which targets real estate credit with attractive risk-adjusted returns.
Analysts hold a consensus 'Buy' rating with an average price target suggesting moderate upside potential around 5-7% over the next year.

Considerations

TPG recently missed earnings and revenue forecasts in Q3 2025, with EPS and revenue below analyst expectations, leading to significant stock price declines.
Its stock shows a beta of 1.53, indicating a volatility 53% greater than the S&P 500, which exposes investors to above-average market risk.
Long-term price forecasts show wide variability, reflecting market uncertainty and execution risk in realizing projected growth.

Carlyle

Pros

The Carlyle Group has higher revenue and net income compared to TPG, with $5.53 billion in revenue and $1.26 billion net income, indicating strong profitability.
It benefits from a broader global presence with operations in over 29 offices across five continents, supporting diversified growth opportunities.
Analysts maintain a 'Buy' rating consensus with a 12-month price target implying approximately 7% upside potential and a dividend yield near 2.4%.

Considerations

Carlyle's stock exhibits higher volatility with a beta around 2.0, doubling market risk compared to the S&P 500 benchmark.
The firm operates in a highly cyclical private equity market, which can affect earnings visibility and capital raise execution amid economic cycles.
Investor returns may face headwinds from ongoing macroeconomic uncertainties and regulatory scrutiny affecting the finance sector globally.

About The Companies

TPG (TPG)

TPG Inc. is a global alternative asset management firm that invests capital on behalf of a wide range of institutions and individuals. The company operates across a diverse set of strategies including private equity, impact investing, credit, real estate, and tailored market solutions. Its primary investment platforms, such as Capital, Growth, and TPG Angelo Gordon, focus on everything from large-scale corporate buyouts to nurturing new businesses and managing credit products. By spreading its investments across different asset classes and geographies, TPG aims to build a resilient and varied portfolio. For potential investors, understanding TPG means looking at its role in managing 'alternative' assets, which are different from traditional stocks and bonds. As with any investment, it's important to remember that values can fall as well as rise, and past performance is not a reliable indicator of future results.

Carlyle (CG)

The Carlyle Group (CG) is a publicly listed global alternative asset manager that invests across private equity, credit and real assets. It raises capital from institutional and high-net-worth investors, earning recurring management fees plus performance fees (carried interest) when investments are realised profitably. With a market capitalisation of about $21.01 billion, the firm’s earnings are tied to assets under management, fundraising success and the timing and valuation of exits. That structure can generate scalable revenue in favourable markets, but performance is cyclical: valuations, macro conditions and the availability of debt can materially affect reported profits and cash flows. Listed shares provide liquidity for external investors but can be volatile as quarterly results, fundraising updates and realised gains drive sentiment. This is educational information only — not personalised advice. Consider whether an investment in a manager of private assets fits your risk tolerance and time horizon before deciding.

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TPG vs Carlyle

Comparison Snapshot

Investment Analysis

TPG

Pros

Considerations

Carlyle

Pros

Considerations

About The Companies

Which Baskets Do They Appear In?

Which Baskets Do They Appear In?

Buy TPG or CG in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

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Frequently asked questions

What do the terms ‘assets under management’ (AUM) and revenue tell us when comparing TPG and Carlyle Group?

How does beta influence risk perception for the two stocks?

What does a ‘Buy’ rating from analysts imply in this context, and how should it be interpreted with the given pros and cons?

How can one compare growth potential between TPG and Carlyle based on the provided data?

What role do dividends play in a stock’s total return, in the Carlyle context?

Why might long-term price forecasts show wide variability for both stocks?

What market risks should investors consider with a higher beta stock like Carlyle compared to TPG?

How does geographic footprint influence a private equity firm’s market opportunities?

What is the significance of quarterly earnings versus long-term growth in evaluating these two stocks?

How should an investor use the provided data to structure a simple comparison checklist?

What limitations should readers acknowledge when using this comparison?

Comparison Snapshot

About The Companies