Buyout firm TPG boosted its deal activity in the September quarter, defying a broader slowdown and notched two significant sales, including an exit from its 13-year investment in Hollywood talent company Creative Artists Agency.
That transaction helped bolster the firm’s distributable earnings, a closely watched performance metric that includes cash that can be returned to investors, which rose 73% after taxes to $195.6 million, or 56 cents a class A share.
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