TPG Shares Fell 36% in Q1 Amid Sector Rotation, TimesSquare Capital Says

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Summary · why it matters

TimesSquare Capital Management's U.S. Mid Cap Growth Strategy fell 7.72% net in the first quarter of 2026, underperforming the Russell Midcap Growth Index's decline of 6.35%. The strategy highlighted that alternative asset manager TPG Inc. retreated 36% during the quarter, driven by a sharp sector-wide rotation out of alternative asset managers due to investor fears over software exposure and AI disruption. TPG announced a long-term strategic partnership with Jackson Financial, which significantly bolsters its insurance-linked fee income and credit scale, though management indicated fundraising may slow and monetization could be delayed. TimesSquare Capital has scaled back its position in TPG.

Impact on stocks 3

Financials± Mixed · 2 stocks
TPG Inc
TPG
▼ NegativeCapitalrelevance

Shares fell 36% due to sector rotation out of alternative asset managers; fundraising may slow and monetization could be delayed.

Jackson Financial Inc
JXN
▲ PositiveDemandrelevance

TPG's strategic partnership with Jackson Financial bolsters its insurance-linked fee income and credit scale.

Digital Finance & Tokenization▲ · 1 stocks

Off-coverage companies 1

TimesSquare Capital ManagementPrivate± Mixed
relevance

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