TPG Inc. (TPG) Morgan Stanley US Financials Conference 2026 June 9, 2026 1:00 PM EDT
Company Participants
Todd Sisitsky – President, Managing Partner of North America and Head of North American & Europe Private Equity
Conference Call Participants
Michael Cyprys – Morgan Stanley, Research Division
Presentation
Michael Cyprys
Morgan Stanley, Research Division
All right. Let’s go ahead and get started here. Good afternoon, everyone. I’m Mike Cyprys, equity analyst covering brokers, asset managers and exchanges from Morgan Stanley Research. And I’m thrilled to have with us for our next session, Todd Sisitsky, President of TPG. Todd, thanks for joining us here today.
Todd Sisitsky
President, Managing Partner of North America and Head of North American & Europe Private Equity
Thanks for having me.
Michael Cyprys
Morgan Stanley, Research Division
So TPG, as many of you know, is a leading global alternative investment manager with over $300 billion of assets under management. So a lot to get through today.
Question-and-Answer Session
Michael Cyprys
Morgan Stanley, Research Division
I thought maybe we could start with the current backdrop, Todd, deal environment. It seemed like the market had finally found its footing when we came into this year and then there was some momentum coming in. And then obviously, a lot has happened since. So let’s talk about the deployment volume, which has generally been maybe a bit more sluggish than people had expected. Tell us about TPG’s experience, how it differs maybe from others there and your ability to deploy in this current backdrop?
Todd Sisitsky
President, Managing Partner of North America and Head of North American & Europe Private Equity
Absolutely. Well, we’ve actually been very busy, and I’ll come to that in a moment. I think from an overall market standpoint, I think the way we’ve looked at it is, if you step back and you think


