UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, D.C. 20549

FORM 8-K

~~Current~~CURRENT ~~Report~~ REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (~~date~~Date of ~~earliest~~Earliest ~~event~~Event ~~reported~~Reported): August 14, 2025

August 6, 2025

TPG Inc.

(Exact name of registrant as specified in its charter)

Delaware	001-41222	87-2063362	~~001-41222~~	~~87-2063362~~
(State or other jurisdictionof incorporation)	(CommissionFile Number)	(IRS EmployerIdentification No.)	~~(Commission File Number)~~	~~(IRS EmployerIdentification No.)~~
301 Commerce Street, Suite 3300				76102
Fort Worth, TX				(Zip Code)

301 Commerce Street, Suite 3300

Fort Worth, TX

76102

(Address of principal executive offices)

(Zip Code)

(817) 871-4000

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

TradingSymbol(s)

Name of each exchangeon which registered

~~Trading Symbol(s)~~

~~Name of each exchange on which registered~~

Class A common stock

TPG

The Nasdaq Stock Market LLC

~~TPG~~

~~The Nasdaq Stock Market LLC(Nasdaq Global Select Market)~~

6.950% Subordinated Notes due 2064

TPGXL

The Nasdaq Stock Market LLC(Nasdaq Global Market)

(Nasdaq Global Select Market)

6.950% Subordinated Notes due 2064

TPGXL

The Nasdaq Stock Market LLC

(Nasdaq Global Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2 1.0201 ~~Results~~Entry ofinto ~~Operations~~a ~~and~~Material ~~Financial~~Definitive ~~Condition~~Agreement.

OnThe ~~August 6,~~information ~~2025,~~required ~~TPG~~by ~~Inc.~~this ~~issued~~Item ~~a summary press release and a detailed earnings presentation announcing financial results for its second quarter ended June 30, 2025~~1.01 ~~The~~is ~~summary~~included ~~press~~in ~~release~~Item ~~and the earnings presentation are furnished as Exhibits 99~~8.101 and ~~99.2,~~is ~~respectively,~~incorporated toherein ~~this~~by ~~report~~reference.

~~As provided in General Instruction B.2 of Form 8-K, the information in this~~ Item 2.0203 ~~and~~Creation ~~Exhibits 99.1 and 99.2 incorporated in this Form 8-K shall not be deemed to be “filed” for purposes~~ of ~~Section~~a 18Direct ofFinancial ~~the~~Obligation ~~Securities Exchange Act of 1934, as amended (the “Exchange Act”),~~ or ~~otherwise~~an ~~subject~~Obligation ~~to the liabilities of that section, nor shall such information or Exhibits 99.1 and 99.2 be deemed to be incorporated by reference in any filing~~ under ~~the~~an ~~Securities~~Off-Balance ~~Act~~Sheet ofArrangement ~~1933, as amended, or the Exchange Act, regardless~~ of ~~any~~a ~~general incorporation language in such filing~~Registrant.

The information required by this Item 2.03 is included in Item 8.01 and is incorporated herein by reference.

Item 8.01 Other Events.

On August 14, 2025, TPG Inc. (the “Company”), TPG Operating Group I, L.P., TPG Operating Group III, L.P. and TPG Holdings II Sub, L.P., each indirect subsidiaries of the Company (together with the Company, the “Guarantors”), and TPG Operating Group II, L.P., an indirect subsidiary of the Company (the “Issuer”), completed an offering of $500,000,000 aggregate principal amount of its 5.375% Senior Notes due 2036 (the “Notes”), pursuant to an underwriting agreement, dated August 11, 2025 (the “Underwriting Agreement”), among the Issuer, the Guarantors and Morgan Stanley & Co. LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein. The Notes were issued pursuant to an indenture, dated March 5, 2024 (the “Base Indenture”), as supplemented by the second supplemental indenture, dated August 14, 2025 (the “Second Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), with U.S. Bank Trust Company, National Association, as trustee. The Notes have been registered under the Securities Act of 1933, as amended, by a shelf registration statement on Form S-3ASR (Registration No. 333-277384).

The Notes bear interest at an annual rate of 5.375% accruing from August 14, 2025. Interest is payable semi-annually in arrears on January 15 and July 15 of each year, commencing on January 15, 2026. The Notes are unsecured and unsubordinated obligations of the Issuer. The Notes will mature on January 15, 2036, unless earlier redeemed. The Notes are fully and unconditionally guaranteed (the “Guarantees”), jointly and severally, by each of the Guarantors. The Guarantees are unsecured and unsubordinated obligations of the Guarantors.

Further information concerning the Notes and the Guarantees and related matters is set forth in the Company’s Prospectus Supplement dated August 11, 2025, which was filed with the Securities and Exchange Commission on August 13, 2025.

The preceding is a summary of the terms of the Underwriting Agreement, the Indenture and the Notes, and is qualified in its entirety by reference to the Underwriting Agreement attached hereto as Exhibit 1.1, the Base Indenture attached hereto as Exhibit 4.1, the Second Supplemental Indenture attached hereto as Exhibit 4.2, and the form of the Notes attached hereto as Exhibit 4.3, each of which is incorporated herein by reference as though they were fully set forth herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description of Exhibit	~~Description~~
99.1		Summary press release of TPG Inc., dated August 6, 2025.
1.1	Underwriting Agreement, dated as of August 11, 2025, by and among TPG Inc., TPG Operating Group I, L.P., TPG Operating Group II, L.P, TPG Operating Group III, L.P., TPG Holdings II Sub, L.P., Morgan Stanley & Co. LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC.
99.2		Earnings presentation of TPG Inc., dated August 6, 2025.
4.1	Senior Indenture, dated as of March 5, 2024, among TPG Operating Group II, L.P., the Guarantors named therein and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.1 to the TPG Inc. Current Report on Form 8-K filed on March 5, 2024).
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).
4.2	Second Supplemental Indenture, dated as of August 14, 2025, among TPG Operating Group II, L.P., the Guarantors named therein and U.S. Bank Trust Company, National Association, as trustee.
4.3	Form of 5.375% Senior Notes due 2036 (included in Exhibit 4.2 hereto).
5.1	Opinion of Davis Polk & Wardwell LLP.
23.1	Consent of Davis Polk & Wardwell LLP (included in Exhibit 5.1).
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the ~~Registrant~~registrant has duly caused this report to be signed on its behalf by the undersigned ~~thereto~~hereunto duly authorized.

TPG INC. By: /s/ ~~Jack~~Jennifer ~~Weingart~~L. Chu Name: ~~Jack~~Jennifer ~~Weingart~~L. Chu Title: Chief ~~Financial~~Legal Officer and General Counsel

Date: August 614, 2025

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