TPGXL — what changed in the latest 10-Q
A section-by-section comparison of TPGXL's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-01 vs the prior 10-Q · 2025-11-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +129 | −233 | ~80 | 103 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-01
PlatformsFocused on large scale, control / co-control and thematic investments
Flexible investing platform focused on rapidly growing businesses Leading global impact investing platform pursuing societal benefits & financial returns at scaleDiversified solutions across a wide range of credit opportunitiesMulti-product, diversified real estate investing platformPlatform focused…
Our Capital platform is focused on large-scale, control-oriented private equity investments. We pursue opportunities across geographies and specialize in sectors where we have developed deep thematic expertise over time. Our Capital platform funds are organized in three primary products: (1) TPG Cap…
The following table presents certain data about our Capital platform as of March 31, 2026 (dollars in billions):
TPG Capital is our North America and Europe-focused private equity investing business, with $57.4 billion in assets under management as of March 31, 2026. TPG Capital employs a sector-driven, highly thematic approach to sourcing and primarily seeks to invest in traditional buyouts, transformational …
Text removed vs the prior filing · source: 10-Q · 2025-11-04
Large-scale, control-oriented private equity investing platform Growth equity and middle market private equity investing platformPrivate equity investing platform focused on achieving both societal and financial outcomesExpansive yield opportunities across the credit spectrumDiversified portfolio al…
TPG AG Credit SolutionsTPG AG U.S. Real EstateTPG Real Estate PartnersGP-led Secondaries
TPG Rise ClimateTPG AG Structured Credit & Specialty FinanceTPG AG Asia Real EstateReal Estate Thematic Advantage Core Plus
TPG Digital MediaTPG Rise Climate Transition InfrastructureTPG AG Middle Market Direct LendingTPG AG Europe Real EstateReal Estate Credit
Our Capital platform is focused on large-scale, control-oriented private equity investments. We pursue opportunities across geographies and specialize in sectors where we have developed deep thematic expertise over time. Our Capital platform funds are organized in three primary products: (1) TPG Cap…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice